International Cotton Market

06-Jun-2025 08:13 AM

International Cotton Market
ICE cotton futures traded positively on Thursday, with contracts gaining 20 to 40 points. Crude oil prices rose by 43 cents per barrel, while the U.S. Dollar Index remained steady at 98.670.
According to USDA’s export sales report, 109,785 round bales of 2024/25 crop cotton were sold in the week ending May 29, the lowest in four weeks. Bangladesh was the top buyer with 34,200 round bales, and Vietnam purchased 24,700 metric tons. Sales for the new crop totaled 38,984 round bales, the highest in seven weeks, with most going to Vietnam (17,900 round bales).
Total export shipments were 316,134 round bales, the highest in three weeks. The top destination was Turkey with 98,300 round bales, followed by Vietnam with 87,400 round bales.
According to census data, April exports totaled 1.66 million bales (excluding linters), the highest in three years and 37.19% above last year but down 9.47% from March.
On Wednesday, 309 bales were sold in The Seam auction at an average price of 69 cents per pound. On June 4, the Cotlook A Index fell by 35 points to 78.25. ICE certified cotton stocks remained stable at 53,700 round bales.