Updated on Wed, 18 Jan 2023

December 2023 81.8 82.5 81.72 82.45 Jan 2023 0.94 81.51
July 2023 83.59 84.66 83.56 84.5 Jan 2023 1.2 83.3
May 2023 83.34 84.51 83.32 84.3 Jan 2023 1.22 83.08
March 2023 82.86 84.29 82.86 84.04 Jan 2023 1.22 82.82

COTTON COTLOOK (Updated on Wed, 18 Jan 2023 ) Source: Cotlook

Cotlook "A" Index Cotlook Forward 'A' Index
98.1 98.1
(+0.25) (+0.25)


*Rate (INR ) Per Maund (1 Maund = 37.324 KG. ) (Updated on Wed, 18 Jan 2023 )

Andhra Pradesh Kurnool Adoni Bunny 6356 8540 8089
Gujarat Vadodara(Baroda) Bodeli Shanker 6 (B) 30mm FIne 8000 8270 8100
Gujarat Sabarkantha Himatnagar Cotton (Unginned) 7900 8500 8200
Gujarat Mehsana Kadi(Kadi cotton Yard) Shanker 6 (B) 30mm FIne 7930 8395 8200
Gujarat Rajkot Rajkot Narma BT Cotton 7800 8605 8300
Gujarat Patan Siddhpur H.Y.4 (Unginned) 8000 8890 8445
Gujarat Mehsana Vijapur(Gojjariya) Other 7100 8490 8150
Karnataka Bijapur Bijapur LH-1556 2809 8610 8086
Karnataka Chitradurga Chitradurga Varalakshmi (Ginned) 1810 8703 7474
Karnataka Davangere Davangere MCU 5 6882 6882 6882
Karnataka Haveri Haveri GCH 8525 9029 8800
Karnataka Raichur Raichur F-1054 7700 8400 8100
Madhya Pradesh Khargone Khargone Other 6711 8195 7950
Madhya Pradesh Ratlam Ratlam DCH-32(Unginned) 6900 8200 7105
Madhya Pradesh Ratlam Ratlam Other 6800 7705 7375
Maharashtra Wardha Arvi H-4(A) 27mm FIne 8200 8400 8300
Maharashtra Wardha Ashti Other 8000 8300 8200
Maharashtra Chandrapur Bhadrawati Other 8150 8250 8200
Maharashtra Buldhana Deoulgaon Raja Desi 8275 8440 8305
Maharashtra Yavatmal Ghatanji LRA 8100 8350 8250
Maharashtra Nagpur Hingna Other 7808 8210 8210
Maharashtra Nagpur Katol Desi 8000 8250 8150
Maharashtra Nanded Kinwat Other 8000 8100 8050
Maharashtra Chandrapur Korpana Desi 7900 8161 8050
Maharashtra Parbhani Manwat Other 7800 8570 8440
Maharashtra Nagpur Parshiwani H-4(A) 27mm FIne 8225 8275 8250
Maharashtra Chandrapur Rajura Other 8360 8400 8370
Maharashtra Yavatmal Ralegaon Other 8100 8335 8230
Maharashtra Nagpur Savner Other 8150 8350 8250
Maharashtra Wardha Sindi Other 8000 8400 8225
Maharashtra Wardha Sindi(Selu) Other 8400 8490 8450
Maharashtra Nagpur Umared Desi 8220 8410 8300
Maharashtra Chandrapur Varora Desi 8000 8300 8200
Maharashtra Wardha Wardha Other 8025 8350 8150
Punjab Mansa Mansa American 7000 8405 8120
Punjab Bhatinda Maur Other 7100 8405 7800
Rajasthan Ajmer Bijay Nagar American 7710 8400 8270
Rajasthan Ganganagar Gajsinghpur American 7881 8660 8581
Telangana Adilabad Bhainsa Cotton (Unginned) 7700 7900 7850
Telangana Khammam Enkoor Cotton (Unginned) 7300 7800 7600

STOCK MARKET SNAPSHOT (Updated on 18th January 2023 - 10.50am )

BSE SENSEX 60,698.30 NIFTY 50 18,058.60
Change +42.89 Change% (0.071% ) Change +5.30 Change% (0.029% )
  • Since 2005, investors have been underweight US stocks, according to a BofA poll

According to strategists led by Michael Hartnett, respondents to the January poll were "a lot less bearish" than they were in the fourth quarter, which caused investors to switch their investments from US, European, and pharmaceutical stocks to cyclical stocks, emerging markets, and other regions. Investors' net underweighting of US equities during the first month of 2023 "collapsed," they claimed, surpassing even the UK's 15%. 

  • Sensex, Nifty trade marginally higher on gains in IT stocks

Given that India has among the largest economies the best growth and earnings prospects, its current underperformance is probably only temporary. The upside to the market will be limited in the near term. 

  • IT stocks are busy exacting retribution as investors disregard downgrades following Q3 results

An abrupt growth moderation for Indian IT firms is suggested by a sharp decline in net hiring, a muted growth outlook for the fourth quarter, and potentially a slower conversion of bookings to revenues.

Indicators Yearly Monthly Daily
Year 2021 Year 2022 November 2022 December 2022 10th Jan 2023 11th Jan 2023 Change as Compared to Previous Day
BSE SENSEX 53796 60840 58632 60840 60115 60105
GOLD (10 GRMS ) 47362 50986 50434 53929 55749 56892
CRUDE OIL (1 BBL ) 5063 7395 7131 6318 6147 6176
EXCHANGE RATE (INR/USD ) 73.9 78.5 82.26 82.71 81.60 81.69

The UK government's development finance branch, British International Investment (BII), has approved a US$52 million loan to fund a cotton spinning mill in Bangladesh that will be housed in a LEED-certified green building. The plans for Jinnat Textile Mills Ltd, which will create more than 1,000 jobs, mostly for women, in Shreehatta Economic Zone, in the eastern city of Sylhet, are being driven by the DBL Group, one of Bangladesh's top exporters of apparel The DBL Group loan from BII is eligible for the G7's "2X Challenge" because the mill, which is scheduled to begin operations in April, will improve women's economic participation and employment standards.

On February 9 at the IIT-Delhi campus, academic and business experts from India and Sweden will co-organize a multi-stakeholder hybrid event on textile recycling. The event will bring together a distinguished group of textile and apparel industry representatives, including European and Indian fashion brands and recyclers, Government and Ministry delegations, and top academicians to brainstorm and concretize clear pathways for valuing Europe-India cross-border recycling value. The event is partially funded by the Ikea Family Foundation and the Swedish Research Council for the Environment, Agricultural Sciences, and Spatial Planning (Formas). "Matchmaking has a huge range of potential. encouraging the creation and use of inclusive, responsive, multi-stakehol.

Over 60 exhibitors and SGCCI office bearers left for Dhaka on Tuesday in preparation for the four-day Indian Textile Trade Fair that the Southern Gujarat Chamber of Commerce and Industry (SGCCI) will host in Bangladesh starting on Wednesday. In order to compete with China, a significant supplier of textile products, the industry is anticipating strong business from the exhibition, which will be held at the International Convention City at Bashundhara in Dhaka, according to SGCCI President Himanshu Bodawala. "This is the first time such an event has been held in Bangladesh. Bangladesh offers excellent business opportunities for Surat-based textile industry players who work in the yarns, fabrics, and other areas of the textile industry, according to Bodawala.

Given that summer clothing production is expected to increase in the coming weeks, the seasonal shift may help boost cotton yarn prices in south India. The industry is attempting to modify production at the going rate. Mumbai cotton yarn prices have increased as a result of better downstream industry demand today. Also, purchasing grew in the Tiruppur market. Demand increased as a result of the upcoming 2-3 weeks' anticipated increase in summer clothing production, which resulted in a 3- to 4-per-kg increase in cotton yarn prices in Mumbai.

According to statistics provided by the Central Bank of Sri Lanka, Sri Lanka's exports of clothing totaled $5,040.5 million between January and November 2022, an increase of 12.8% over the $4,466.7 million in exports during the same period of the previous year. Due to the global economic slowdown in November 2022, its exports of clothing decreased by 8.3%. The island nation's textile exports increased to $323.9 million in the first 11 months of 2022, up 2.3% year over year. However, according to the central bank's report on "External Sector Performance," exports of other made-up textile articles decreased by 10.6% and totaled $106.1 million during the same time period.

In the United States, apparel retail prices rose 4% year over year (YoY) in November, while retail prices were 0.3% higher month over month (MoM). According to Cotton Incorporated's Executive Cotton Update, clothing costs were 1.7% higher in 2019 than they were on average before COVID. In terms of the cost per square metre equivalent (SME) of clothing with a predominance of cotton, import prices were $4.31/SME in November. This value is the highest on record, barring the reading from October.


India Hon’ble Prime Minister Shri Narendra Modi will hold a pre-budget meeting with more than two dozen economists and sector experts at NITI Aayog to seek their view on measures to push up economic growth. Read more at:

Banks Public sector lenders including the State Bank of India will jointly set up a unified cloud-based digital platform to connect with fintech companies and source loans through them on a revenue-sharing basis. Read more at:-

With Indian banks are warming up to financing renewable energy projects in line with the government's vision to become more climate sensitive. Read more at:-

The government kept the interest rate unchanged at 7.1 per cent for the subscribers of the General Provident Fund and other similar funds. In the previous quarter ended December 31, the GPF interest was similar at 7.1 per cent. Read more at:-

Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 lakh crore in 2022-23 compared to the previous fiscal. Read more at:-

OutstandingThe rupee appreciated 9 paise to 82.69 against the US dollar in early trade on Tuesday, as crude oil price retreated from its elevated levels. Read more at:-

- Hon’ble Union Commerce and Industry Minister Shri Piyush Goyal said India has the potential to become a world leader in the footwear and leather sector. Read more at:-

- Shri Jitendra Singh:- India is all set to rope in its public sector behemoths for building nuclear power plants as it aims to achieve its goal of net zero emissions by 2070, Hon’ble Union Science and Technology Minister Shri Jitendra Singh said. Read more at:-

- Warehouses will likely draw a disproportionate share of investor funds this year due to burgeoning demand from manufacturers and third-party logistics (3PL) companies. Read more at:-

- India's coal production went up by 16.39 per cent to 607.97 million tonnes during April-December period of the current fiscal as against 522.34 million tonnes produced during the corresponding period of last year. Read more at:-

– Hon’ble Commerce and industry minister Shri Piyush Goyal asked industry to use the revenue department’s Manufacture and Other Operations under Warehouse Rules (MOOWR) scheme to duty-free import products for the purpose of re-export as it is a “pretty practical, neat, simple solution to the problem that sometimes small exporters particularly face”. Read more at:-

- The Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies and to improve its current account, the country should aim at reducing energy import bill. Read more at:-

- Crude oil traded lower  due to the fears of a slowdown in the global economy. The March Brent oil futures were down by 0.40 per cent at $85.57 and February crude oil futures on WTI were down 0.37 per cent at $79.96. Read more at:-

– The Delhi government's goods and services tax (GST) collection increased 22 per cent to Rs 41,351 crore for the first three quarters (April-December) this fiscal. In 2021-22, the government's GST collection in the first three quarters was recorded at Rs 33,691 crore. Read more at:-

- The Director-General of Foreign Trade (DGFT) has extended the ban on palm oil imports through Kerala ports until further orders. It has also extended import duty waiver on refined palm oil and palmolein oil. Read more at:-


- Networking engineers, cybersecurity specialists, and cloud computing experts are expected to be the most sought after profiles by the telecom sector commanding a 10-12% premium in terms of pay packages. Read more at:-

- The Indian media and entertainment (M&E) sector is expected to take in revenue growth of 12-14 per cent on-year to about ₹1.6 lakh crore in FY 2024. Read more at:-

-A cautiously optimistic stance adopted by investors towards Indian agritech during the second half of 2022 is seen continuing in the new year, especially with respect to the mid to late-stage deals, while the early-stage funding is set to gain traction with the increasing pace of technology adoption in the sector. Read more at:-

- The country's sugar production rose 3.69 per cent to 12.07 million tonnes in the October-December quarter of the ongoing marketing year. Read more at:-


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