Gujcot Trade Association

Transcription

1 Gujcot Trade Association Dear All Cotton Friends Monthly Report May 2018 We are approaching end of the current cotton season 2017/2018. Remaining four months of the monsoon will give slow arrivals. Ginning factories are closing down day by day. This report will useful to decide off season strategy. Gujcot has collected pressing figures from all ginners and compiled data to serve whole trade. In this mission we get valuable support from lot of trade personalities. We Gujcot team is very thankful to all helping hands, who worked directly or indirectly, with their valuable support we are able to put real time pressing figures. We thanks all Gujarat Ginners for cooperating with Gujcot team. We hope the whole Textile value Chain will be benefitted by these data and will help us in future to achieve our goal to serve our cotton trade. Conclusion During month of May Gujarat has pressed 10,29,953 Bales of Shankar 6 and 44,410 Bales of V-797, Total pressing 10,74,363. Cumulative Pressing till 31 st May is 1,17,77,759 Bales (shankar 6 1,15,17,456 Bales and V-797 2,60,303 Bales, which is equivalent to total 1,12,23,512 Bales of 170 Kgs. ( Shankar 6 1,09,75,458 Bales and V797 2,48,053 Bales). Average per day Pressing was 34,657 running Bales for 31 days. We have added 9 Ginning factories to our list which were left our in our previous list, with total pressing till end of may 78,303 Bales. This Month we have also downward revised few pressing figures which were reported higher than actual pressing on the month of April. During the Month of May pressing remained much higher than anybody s expectation for following main reasons. 1. Ginners had ginning parity because of good sale of Kapas by farmers. 2. Ginner got extra margin as the cotton market broke it s 40,500 42,500 Rs/candy range and headed towards 45,000 high because of various domestic as well as international factors.

2 3. Farmer had set certain price of the Kapas in their mind which they achieved with support of cotton and cotton seed market. And because of that more than expected kapas came into market during this month. Rate of 29 mm Shankar 6 cotton was remained between 41,700 to 44,750. Gujarat ginners holding 5 lakhs bales Shankar and 80,000 bales V-797. MCX exchange stock in Gujarat is near 95,000 bales. CCI has unsold of 20,000 bales in Gujarat. Merchants and investor holding 4,00,000bales in Gujarat. Although nearly 11 lakhs bales available as unsold. Still Saurashtra zone has 5 lakhs bales kapas with farmers, North Gujarat, Madhya Gujarat and Kutch has small quantity kapas to come. Out state arrival depend on parity. At present scenario shows Gujarat pressing will cross 115 lakhs bales of 170 Kgs. With hike in crude price and rupee depreciate to 68.5 against dollar. Depreciation of rupee and uptrend in foreign future keep India cheaper so export inquiry was regular and supported to Indian physical market. Global During the month of May there was big volatility in all foreign cotton futures. NY July futures gained 9.31 cents per lbs and China crossed 18,000 mark. This volatility lead Indian physical market in Bull Run. Also weather in Texas USA and China Played crucial role to lift the future markets to touch it s season s peak. US export sales was excellent in all 4 week of May. Weather in China and Texas play vital role in this BULL RUN. Open interest in July NY was higher and inverse to December was key factor. Basis traders were wrong footed and speculator dominate the market during May.Chinese fund also play vital role in this BULL RUN.

3 Pressing Summary 31-May-2018 Till April-18 Running Bale Till May-18 Running Bale Till May Kgs May-18 Running Bale May Kgs Shankar 6 Saurashtra 63,74,644 71,26,703 67,91,329 7,52,059 7,16,668 North Gujarat 32,52,518 35,04,717 33,39,789 2,52,199 2,40,331 Main Line 5,19,281 5,21,781 4,97,227 2,500 2,382 Kutch 3,41,060 3,64,255 3,47,114 23,195 22,103 Total 1,04,87,503 1,15,17,456 1,09,75,458 10,29,953 9,81,485 V-797 2,15,893 2,60,303 2,48,053 44,410 42,320 Total 1,07,03,396 1,17,77,759 1,12,23,512 10,74,363 10,23,805 Daily Average 34,657 33,026 Average Rate Of May Month Variety Staple Length Mic. Low Price Range High Average Of 27 Days Shankar ,700 44,750 42,644 Shankar ,800 43,800 41,578 Shankar ,650 41,900 40,469 Shankar ,500 39,000 37,231 Shankar ,650 35,100 31,602 V % Trash 25,600 29,250 26,291 MCX Spot Rate 20,030 21,420 20,382 USD Exchange Rate

4 Rate Of May Month Date V-797 MCX Spot Rate USD-INR Exchange Rate ,850 40,900 40,050 36,750 30,750 25,650 20, ,950 41,000 40,100 36,750 30,650 25,650 20, ,100 40,900 40,150 36,750 30,650 25,650 20, ,100 40,900 40,150 36,750 30,650 25,650 20, ,200 41,050 40,200 36,950 30,750 25,700 20, ,500 41,250 40,450 37,150 31,050 25,800 20, ,450 40,950 40,250 37,250 31,000 25,800 20, ,150 41,000 40,250 36,950 30,900 25,750 20, ,150 41,000 40,050 36,850 30,800 25,750 20, ,950 40,850 39,850 36,650 30,800 25,750 20, ,950 40,850 39,850 36,650 30,800 25,750 20, ,850 40,850 39,800 36,750 30,750 25,750 20, ,700 40,800 39,650 36,500 30,650 25,600 20, ,900 41,000 40,000 36,750 31,000 25,800 20, ,100 41,250 40,250 36,900 31,000 25,950 20, ,200 41,250 40,250 37,000 31,050 25,950 20, ,300 41,350 40,400 37,000 31,050 26,050 20, ,650 41,750 40,550 37,250 31,200 26,150 20, ,050 42,000 40,550 37,300 31,550 26,250 20, ,900 41,800 40,450 37,250 31,750 26,250 20, ,000 42,000 40,550 37,250 31,950 26,350 20, ,200 42,150 40,750 37,650 32,150 26,650 20, ,450 42,300 41,200 37,750 32,250 26,750 20, ,800 42,650 41,250 37,850 33,500 27,150 20, ,750 43,800 41,900 38,750 34,500 28,300 21, ,650 43,500 41,900 39,000 35,000 28,750 21, ,550 43,500 41,850 38,850 35,100 29,250 21,

5 Cotton Price Movement During The Month of May

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7 Station Wise Pressing Figures Gujarat till Zone Wise Station Shankar V-797 Zone Wise Station Shankar V-797 North Gujarat Saurashtra Visnagar 2,06,600 Amreli 3,98,300 Vijapur-Mansa 4,68,100 Babra 4,33,150 Harij 1,72,011 91,900 Botad 6,19,275 Radhanpur 55,053 Chotila 1,35,611 Idar,Sabarkantha 33,163 Damnagar 13,700 Idar,Raiya,Prantij,Iioi,Gambhoi 1,000 Dhrangdhra-Halvad 2,46,200 Himmatnagar 66,031 Dhoraji-Upleta 94,600 Vadali,Sadatpura,Khedbrahma 10,700 Dhasa 5,35,300 Kapadwanj 47,000 Gariyadhar 61,200 Viramgam 56,250 62,800 Gondal-Hadamtala 4,18,300 Kadi 22,65,901 18,500 Jam Kandorna 29,400 Mandal,Bahucharaji 25,500 55,300 Jamnagar-Falla 5,59,850 Bavla 23,300 1,500 Jasdan 2,39,100 Dholka 35,200 3,900 Jetpur 15,680 Dhandhuka 38,908 7,918 Kuwadva 67,500 Mahuva 1,35,000 Total 35,04,717 2,41,818 Manavdar 3,75,040 Morbi 2,28,844 Main Line Palitana 25,600 Porbandar 7,600 Karjan 1,09,300 Rajula 41,000 Dabhoi 6,400 Sa. Kundla 32,800 Golagamdi 12,200 Shapar 2,52,500 Handod 56,800 Su. Nagar 2,88,700 Bodeli 1,06,100 Talaja 2,53,650 Kosindra 23,815 Tankara-Neknam 6,10,803 Pavijetpur 14,000 Targhadi 3,11,200 Kalediya 1,14,100 Trmba 40,000 Palej 22,600 Una 54,700 Bharuch 5,000 Wankaner 4,64,700 Mandala 25,066 Limdi 65,500 4,060 Nizar 21,500 Chuda 31,200 Hansot 4,900 Lakhtar 40,700 6,425 Total 5,21,781 Total 71,26,703 10,485 Kutch Anjar 97,210 Abdasa 32,700 Adipur 3,500 Bhuj 94,970 Mandvi 58,375 Rapar 14,000 8,000 Nakhtrana 63,500 Total 3,64,255 8,000

8 Again team Gujcot thanks our direct and indirect helpers. We thank Gujarat ginners to cooperate Gujcot team. For daily rates we thanks Shri Sujalbhai, Shri Pravinbhai,Shri Sandipbhai,Shri Ananbhai and Ajaybhai. For collecting pressing we thanks Shri Manishbhai,shri Mukeshbhai Purohit, Nileshbhai [ Manager Saurashtra Ginniers Assocaition ] Kalpeshbhai [Manager Gujcot Trade Association] We thanks Shri Jatinbhai [Vijapur], Shri Sujalbhai, Shri Pravinbhai, Shri Jagdishbhai Soni, Shri Chetanbhai [Morbi], Shri Kishorbhai [Talaja], Shri Kantibhai [Botad], Shri Pathikbhai, for varifying collected figure. Team Gujcot appreciate support of Shree Hitubhai Vikani to prepare software for us and educate our team to use that software. Again thanks hole Gujarat cotton value chain to co-operate us. For, Gujcot Trade Association Akash Shah [President] For, Gujcot Trade Association Ajay Shah [Secretary]