International Cotton Market

09-May-2025 08:26 AM

International Cotton Market
ICE cotton futures closed Thursday with losses of 49 to 69 points. Crude oil prices rose by $2.33 per barrel. The U.S. Dollar Index increased by $1.05 to 100.485.
USDA’s Export Sales report showed 65,764 round bales (RB) of cotton sold for the 2024/25 marketing year during the week ending May 1, including 37,376 RB for new crop. The top old crop buyer was Vietnam with 30,500 RB, while Mexico was the leading buyer of new crop with 30,700 RB. The combined sales total was the lowest since the week of October 3.
However, cotton shipments were at an 8-week high, totaling 394,872 RB. Vietnam received 117,300 RB, while Pakistan received 88,800 RB.
Wednesday’s online auction from The Seam saw 1,350 bales sold at an average price of 62.31 cents/lb. The Cotlook A Index dropped 55 points on Wednesday to 79.45. ICE cotton stocks rose by 3,088 bales on May 7, bringing certified stocks to 17,137 bales.
USDA’s Adjusted World Price (AWP) fell by 13 points on Thursday to 54.81 cents/lb.