International Cotton Market
21-Mar-2025 08:36 AM
International Cotton Market
On Thursday, ICE cotton prices closed lower, dropping by 16 to 27 points. External factors showed mixed trends — crude oil futures rose by $1.47 per barrel, while the U.S. Dollar Index increased by $0.357.
According to the USDA report, cotton export sales for the week ending March 13 totaled 101,058 running bales (RB), marking the lowest weekly sales since October. However, this was still 9.11% higher than the same week last year.
Vietnam was the largest buyer with 73,100 RB, followed by Pakistan with 18,300 RB. China canceled a total of 49,300 RB. New crop sales amounted to 57,870 RB.
Total shipments were 351,003 RB, down from the previous week. Vietnam was the top destination, receiving 84,900 RB, while 80,500 RB were shipped to Pakistan.
On The Seam online platform, only 205 bales were sold on Wednesday at an average price of 61 cents per pound.
The Cotlook A Index dropped by 50 points on March 19, settling at 78.50 cents per pound. ICE cotton stocks remained steady on March 19, with certified stocks at 14,488 bales.
In USDA’s weekly update, the Adjusted World Price (AWP) increased by 87 points on Thursday afternoon to 54.63 cents per pound.