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Exchange Rate:-
1 US $ = Rs.46.63     1 UK £ = Rs. 72.86     1 Euro = Rs. 60.74    
100 YEN = Rs. 53.39 (Exchange Rate updated 29-07-2010)
Districtwise Weather Forecast (Maharashtra State)

Fairly widespread rain/thundershowers would occur over west coast, western Himalayan region, Sub-Himalayan West Bengal & Sikkim and central & northeast India.
Fairly Widespread rain/thundershowers would occur over Gujarat and Rajasthan during next 24 hours and decrease thereafter.
Fairly Widespread rain/thundershowers would occur over coastal areas of Andhra Pradesh and Orissa and scattered over interior Karnataka during next 24 hours and increase thereafter.
Fairly Widespread rain/thundershowers would occur over plain of northwest India, outside Rajasthan during next 48 hours and decrease thereafter. However it will continue over Uttar Pradesh after 48 hours.
Scattered rain/thundershowers would occur over remaining parts of east India.
Warning: Isolated heavy rainfall would occur over Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Orissa, coastal Andhra Pradesh, Konkan Goa and coastal Karnataka during next 48 hours. Isolated heavy rainfall would occur over Rajasthan, Gujarat and west Madhya Pradesh during next 24 hours.
TECHNICAL COMMENTARY:- Today’s price action completes a two-day price pattern known as a "bearish engulfing." It is a top reversal in which the market opens unchanged or higher and finishes lower than the previous day’s open (76.50). The pattern has occurred just as oscillators were beginning to show overbought, which suggests a pull-back is forthcoming. We would expect support as soon as 75.45, which is the 200-day moving average. Below that, there is 75.00.
North India: Cotton prices reported to be Stable with good demand from local at current level, Very thin business seen in ready dely.
Gujarat : Gujarat weather partly cloudy & sunny, Market undertone good, Buyers active in market @ current rates, S-6 ready delivery super grade sold @ 29800 buyer p d, bhadresh trading, Kamal cotton, seller from amreli, babra, wankaner, dhrangadhra & jasdan, Buyers still demanding @ these rates but sellers expecting over 30000 in short time. S-6 Forward market Firm November delivery 30000, Near about 20000 bales sold @ 30000, delivery 1 to 20th November, buyer Gill & company, D P, P D, Bhadresh trading & U B Cotton, Still buyers active @ these rates. December delivery quotation 29800 -900 V-797 Market unchanged. 20200 – 20400 ( Harij, Kadi, viramgaon, lakhtar ) 20800--900 ( Radhanpur, Dhrangadhra ), Near about 2500 bales arrival in Gujarat.
Maharashtra & Madhya Pradesh: Cotton prices reported to be stable. Most of the players are out of the market and are waiting for the market to stabilize before entering into fresh contract. Undertone toward the close around previous closing levels & buyers both adopted a wait and watch policy also no major transactions have been reported and demand has been slow at currant levels.
Andhra Pradesh & Karnataka : Cotton prices reported to be stable at current level. Slow business was seen on the cotton market & both buyers and sellers kept on the sidelines & very few buyers were interested in the fresh deals due to higher rates. Good transaction reported to be from South millers at current level.
STATE KAPAS PER QUINTAL SEED North - 1670/90 Gujarat 685/725 285/297 Maharashtra 3200/3225 1340/1400 (good quality) Madhya Pradesh - 1350/1450 Andhra Pradesh 3400/3500 1305/1400 Karnataka 3300/3500 1300/1410

North: Cotton prices continued to display a upward trend in wake of good demand from mills. Buyers were keen for fresh purchases while sellers were hesitant to press sales at current levels and are expecting prices to move up further in coming days due to short supply, good demand reported in forward bargain from North millers and exporters. Sluggish trading seen on the cotton market due to the present unfavorable weather forecast.
Gujarat: Moderate covering from exporters and continued demand from South & local mills combined to push Gujarat cotton prices slightly firm by Rs 100/- to 200/- throughout the week. Ginners continued to hold large inventories of Shankar 6 styles along with farmers who continue to hold cotton seed. Daily arrivals slowly less at 3000 to 4000 bales per day. S-6 ready business between Rs 28700 to 29700/- levels, the exporters after taking a pause were trying to buy at their psychological levels but most of the ginners did not show any interest in the fresh deals at lower level as they were expecting further rise in price. Few north millers purchased in 30000 ( 2% cst ), exporters purchased in 29500 – 600. Forward quotation: Oct/Nov dely 29600/-, Nov dely 29400/500 and Dec dely 29200/300.
Maharashtra: Thin business was seen on the cotton market as mills were interested in new purchasing but the ginners were on the sidelines in anticipation of further rise in the prices. Market activity has been reported to be very slow and demand from the exporter while mill buying was reported to be at lower levels. Most of the ginners were keen on selling at higher levels but buyers asking at lower levels. Main buyers were leading North mills, local mills and local trader active in cotton market. Arrivals has been reported to be slow in range of 600 to 800 bales per day. Weather: Scattered rainfall in all cotton belts of Maharashtra
Madhya Pradesh: The trend in the market is slightly firm for last two days. Dullness prevailed as no transaction was reported on the cotton market. Demand from exporters has slowed down and at higher levels most of the buying has been from few South mills and most of the ginners were keen on selling at higher levels also ginners continue to hold on to stocks are expecting better prices in near future. Main buyers were very few South/local mills active in market. Weather Forecast: Good rainfall reported across cotton belts.
Andhra Pradesh/Karnataka Cotton prices high due to low stock availability, slow business was seen on the cotton market as both buyers and sellers kept on the sidelines. The mills were trying to adopt a strategy of wait-and-see to bring down the rates but it appeared that the short supply position might be a factor in keeping the rates higher. Ginners who continue to hold stocks in cotton. Moderate enquiry was witnessed good quality cotton while fresh business was reported to be moderate.

In Nybot: Cotton prices rose Thursday as export sales data indicated continued strong demand for the developing U.S. cotton crop is taking the earliest available supplies off of the market. Nearby cotton for October delivery settled 0.11 cent, or 0.4%, higher at 80.68 cents a pound on ICE Futures U.S. The most actively traded December contract ended 0.60 cent, or 0.8%, higher at 76.91.
Cotton futures are 40% higher than the same time last year as world textile demand has rebounded with the economy. Consumers put off buying socks and sheets when budgets are tight. But a resurgence in demand has drawn down available stocks. Merchants have sold a good portion of the earliest-harvested cotton, leaving a lag in availability through the rest of the year, analysts said. At this point, merchants could usually rely on certified exchange stocks for a backup, but those bales are being quickly drawn down.

 

Cotton prices Compared to last week : -  

State	Quality	13/7/2010	20/7/2010	Change
Gujarat	S-6 Top	29200/400	29500/700	+300
	V-797	20300/21200	20200/21200	-
Madhya Pradesh	28mm	-	-	-
	29mm	29500/800	29300/400	-200/400
Maharashtra	28mm	-	-	-
	29mm	28800/29500	29200/500	-
	30mm	-	-	-
Andhra Pradesh	MUC-5 30mm	29700/900	29700/900	-
Karnataka	Bunny 29mm	28500/600	28500/600	-

Download Market Report
ICAC Market Report(July-10)
USDA Market Report( July-2010)
COTTON STATISTICS & NEWS (Cotton Association of India)
Cotton Fact sheet of India (ICAC.org)

source:- indiancommodities.com,nafed,icac, cai etc