Cotton Daily arrivals slightly improved in the domestic market
Cotton daily arrivals had slightly increased during the last week and were at around 1,15,000-1,30,000 bales per day. Overall weather is favorable for the cotton crop. However, there is report of lower crop expectations from northern India. The staple length is expected to be shorter in this season from Punjab, Haryana and Rajasthan. Cotton third picking is going on in most of the cotton belt, in some areas fourth picking has also started.
Cottonseed prices remained stable during the last week. Cottonseed arrivals is likely to improve in the coming week.The situation of Ginners improved in most of the region. Cotton yarn prices are stable although demand has improved during the last week. Ginning factories are working with 50 percent capacity till last week. Cottonseed oilcake prices remained bearish during the last week.
- Cotton Yarn Scenario (Subscribers Only)290323
- U.S. cotton export sales report for this week shows mixed results for the current season (Subscribers Only)270323
- Indian Yarn market is witnessing a rise in demand from Turkey and Europe since February 2023 (Subscribers Only)230323
- NFSR has estimated cotton production at 4.78 million bales (Subscribers Only)200323
- CAI has estimated cotton crop at 313 lakh bales for the 2022-23 season
- Punjab cotton sowing is likely to start from 15th April 2023
- Cotton Yarn Scenario
- USDA maintained Global cotton production at 115 million bales
- About 50% ginning units of closed their operation in Nimar, Madhya Pradesh.
- Cotton domestic scenario