International Cotton Market

07-Feb-2025 08:06 AM

International Cotton Market
ICE cotton futures saw light mixed trading on Thursday, with the nearby March contract falling by one point, while other contracts gained 2 to 3 points. External market pressures were a factor, as crude oil futures dropped by $0.51 per barrel. The US Dollar Index increased by 0.113 points during the day.
According to USDA export sales data, cotton bookings for the week ending January 30 were 188,909 running bales (RB), the lowest in four weeks. This was 32.63% lower than the previous week and 33.5% lower than the same week last year. Turkey bought 49,700 RB, while 44,300 RB were sold to Pakistan. Shipments totaled 221,058 RB, 44% higher than the previous week but 11.05% lower than the same week in 2024. Vietnam was the largest destination with 58,900 RB, followed by Pakistan with 36,400 RB.
On February 5, CME reported the sale of 5,660 bales online, with an average price of 57.54 cents per pound. ICE cotton stocks remained unchanged on Wednesday, with certified stocks totaling 218 bales. The Cotlook A Index rose by 100 points to 78.05 cents per pound on February 5. The USDA's Adjusted World Price (AWP) fell by 84 points to 53.18 cents per pound on Thursday.