We are looking for Stocks / Surplus of all Textile Items ( Yarns, Fabrics, Garments, Home Furnishings ) Globally.
We can offer: Raw Cotton (Gujarat Orign) Organic OCS or Gots @ 113 cents / lbs,
Ne 30/1 Organic ( Gots ) combed compact knitting yarn @ 3.65 usd / kg. fob of India Port, LC at site
Please contact: Rahul Mehta +91 9810033714 / [email protected]
Market Arrival & Price of Cotton in Various Regions of India
ARRIVAL BALES YESTERDAY – 25.04.2023
COTTON PRICE TODAY – 26.04.2023
* Rate (INR) per Maund (1 Maund = 37.324 KG.)
Total Arrival : 1,23,400 Bales
MARKET OUTLOOK
• Cotton yarn prices have stabilized in south Indian markets, but there is selling pressure due to poor demand.
• Spinners are running mills with no margins or losses because of costly cotton and reduced demand from the weaving industry.
• The blending of polyester and viscose is not going down well with the garment industry, with buyers objecting to blending.
• LAHORE: Cotton crop is of key importance for the country’s economy. Government is taking vigorous steps to revive cotton. This year, the support price of cotton has been fixed at Rs8500 per 40kg, which will make cotton cultivation profitable.
• Supima, the marketing brand for American-grown Pima cotton, will introduce AQRe Project, a platform assuring authenticity, quality, and responsibility of the American-grown cotton variety used in garments, in July, said Marc Lewkowitz, President and CEO.
North Zone:
Cotton traded easy tone across major spot market of north India on Wednesday. Prices were quoted down 40-50 / maund yesterday evening. Today weather clear. New crop – cotton traded at ready delivery – In Punjab, Rs 6,225-6,300 a maund. In Haryana, it offered at Rs 6,200-6,300 a maund. while in Upper Rajasthan, quoted readty delivery at Rs 6,400-6,500 a maund.
Central Zone:
Cotton spot prices easy tone across west India market on Wednesday. Sankar-6, new crop 29 mm (RD-75 & MIC-3.8), in Gujarat traded at Rs 61,700-62,200 a candy and 28.5mm (RD-74) quoted at Rs.60,700-61,200 a candy. V-797 trade at Rs 48,200-48,700 (12-15% trash condition) a candy for ready delivery. While in Maharashtra, new crop good grade cotton (29mm) quoted at Rs 61,200-61,700 a candy.
South Zone:
Cotton spot price was easy tone across the major trading centers of south India.
INTERNATIONAL UPDATES
US Cotton Futures :
Red Tuesday In Cotton Market: Cotton futures were down triple digits on Turnaround Tuesday. July fell the most with a 207 point loss. July futures still have a 162 point carry vs. May. December cotton futures ended at a 75 point premium to July. The weekly Crop Progress report showed the 23/24 cotton crop was 12% planted, compared to 11% on average. Texas was shown at 18% planted as of 4/23, which was a 5% advance from last week and is 2% points ahead of the 5-yr average. The Cotlook A Index remained at 93.30 cents on 4/24. The AWP for cotton is 70.82 cents.
May 23 Cotton closed at 77, down 198 points,
Jul 23 Cotton closed at 78.62, down 207 points,
Dec 23 Cotton closed at 79.37, down 191 points
