International Cotton Market

08-Apr-2025 08:11 AM

International Cotton Market
ICE cotton futures closed Monday’s session with gains ranging from 207 to 263 points. These gains came despite a lack of support from outside markets. Crude oil futures fell by $1.17 per barrel, while the U.S. Dollar Index rose by $0.452 throughout the day.
According to the NASS "Crop Progress" report, as of Sunday, 4% of the U.S. cotton crop had been planted. This is behind the 5-year average of 6% and also below last year’s 5% progress at the same time.
In response to China’s imposition of a 34% retaliatory tariff, President Trump warned that the U.S. would impose an additional 50% duty on Chinese imports if the tariffs are not withdrawn. He has given China a deadline of Tuesday, April 8, to remove the tariffs.
The Cotlook A Index dropped by 290 points on Friday, settling at 76.70 cents per pound. As of April 4, there was no change in ICE cotton stock levels, with certified stocks holding steady at 14,488 bales. The USDA's Adjusted World Price (AWP) rose by 158 points last week to reach 55.22 cents per pound.