International Cotton Market

13-Jun-2025 08:23 AM

International Cotton Market
ICE cotton futures fell by 18 to 33 points on Thursday despite a fairly positive WASDE report. Crude oil prices were up 82 cents per barrel while the US dollar index fell by $0.754 to 97.850. The USDA raised the US cotton export estimate for 2024/25 by 400,000 bales, reducing stocks by the same amount to 4.4 million bales. Along with a cut of 500,000 bales in production due to lower harvested area and yield, the new crop US carryout dropped by 900,000 bales to 4.3 million bales. USDA's weekly export sales report showed a marketing year low of 60,180 running bales for 2024/25 bookings, 45.18 percent lower than the previous week. Vietnam purchased 28,000 running bales while 18,600 running bales were sold to India. Sales for 2025/26 were 36,102 running bales, lower than the previous week. Shipments totaled 236,251 running bales, an 18-week low. Vietnam was the top destination with 59,100 running bales followed by Turkey with 40,800 running bales. The Seam reported 2,025 bales sold online on Wednesday at an average price of 68.21 cents per pound. On June 11, the Cotlook A Index fell by 45 points to 78.05. ICE cotton stocks rose by 8,794 bales on June 11 via new certifications, bringing certified stocks to 62,212 bales. USDA’s Adjusted World Price (AWP) rose by 26 points on Thursday afternoon to 54.02 cents per pound.