International Cotton Market

28-Mar-2025 08:16 AM

International Cotton Market
ICE cotton futures closed higher on Thursday, with front-month contracts gaining between 100 and 139 points. External markets provided support, as crude oil futures rose by 29 cents per barrel, while the U.S. dollar index fell by $0.292 during the day.
According to USDA export sales data, total sales for the 2024/25 season reached 84,405 running bales (RB) for the week ending March 20, marking the lowest level of this marketing year (MY). Pakistan was the largest buyer with 35,300 RB, followed by Vietnam with 18,900 RB. China saw a net reduction of 27,000 RB. New crop sales stood at 41,624 RB, the lowest in four weeks. Shipments totaled 396,407 RB, the second-largest export figure of this marketing year, with 114,900 RB sent to Vietnam, 69,400 RB to Turkey, and 68,100 RB to Pakistan.
On March 26, The Seam reported online sales of 9,044 bales at an average price of 67.16 cents per pound. The Cotlook A Index dropped by 35 points on Wednesday to 77.40 cents per pound. ICE cotton stocks remained unchanged on March 26, with certified inventory standing at 14,488 bales. USDA’s Adjusted World Price (AWP) fell by 97 points to 53.66 cents per pound in this afternoon's report.