International Cotton Market

05-Mar-2025 08:16 AM

International Cotton Market
ICE cotton futures closed lower on Tuesday, with most contracts declining by 210 to 227 points. External markets showed mixed factors, with crude oil futures down by 33 cents per barrel, while the U.S. dollar index dropped by $1.159 during the session.
In response to President Trump's additional 10% tariff on Chinese goods, China has imposed a 15% tariff on U.S. cotton imports. For reference, 250,100 round bales (RB) of unshipped sales to China remain outstanding.
On Monday, The Seam's online auction sold 1,769 bales at an average price of 62.64 cents per pound. The Cotlook A Index fell by 125 points on March 3, reaching 76.00 cents per pound. ICE cotton stocks remained unchanged on Monday, with certified stock levels at 12,653 bales.
On Thursday afternoon, the USDA lowered its Adjusted World Price (AWP) by 78 points to 53.89 cents per pound.