International Cotton Market

07-Mar-2025 08:09 AM

International Cotton Market
ICE cotton prices saw an increase on Thursday, rising by 146 to 154 points by the market close. External markets had mixed influences, with crude oil futures down by 4 cents per barrel, while the U.S. dollar index dropped by $0.092, providing support.
According to the USDA, old crop cotton bookings for the week ending February 27 totaled 241,487 round bales (RB), higher than the previous week and significantly above the same week last year. Vietnam was the largest buyer with 73,100 RB, followed by China with 46,800 RB. New crop sales reached 105,634 RB, marking a marketing year (MY) high, with 75,000 RB sold to Pakistan. Shipments for the week totaled 334,035 RB, the highest for the marketing year. Vietnam was the top destination, purchasing 100,100 RB, while Pakistan bought 65,400 RB.
According to monthly Census data, January cotton exports totaled 1.038 million bales, down 12.13% from last year but 23.08% higher than December.
In an online auction conducted by The Seam on Wednesday, 852 bales were sold at an average price of 53.52 cents per pound. The Cotlook A Index dropped by 130 points on March 5, settling at 74.96 cents per pound. On the same day, ICE-certified cotton stocks increased by 662 bales, bringing the total level of certified stocks to 14,433 bales.
On Thursday afternoon, the USDA slashed its Adjusted World Price (AWP) by 201 points to 51.88 cents per pound.