International Cotton Market Summary

11-Apr-2025 08:24 AM

International Cotton Market Summary
On Thursday, ICE Cotton Futures saw a decline of 16 to 31 points across most contracts.
Crude oil futures also dropped, falling by $2.06 per barrel.
The U.S. Dollar Index weakened as well, down $1.888, currently at 100.735.
The USDA raised its estimate for U.S. 2024/25 ending cotton stocks by 100,000 bales, bringing the total to 5 million bales. This increase was due to a reduction in exports by the same amount.
Globally, the 2024/25 world ending stocks were raised by 530,000 bales, now estimated at 78.86 million bales.
According to export sales data for the week ending April 3, a total of 115,082 running bales (RB) were sold — 10.86% lower than the previous week.
Vietnam was the largest buyer with 64,800 RB, followed by Turkey with 19,100 RB.
Export shipments for the same week totaled 377,200 RB, the lowest in three weeks.
Vietnam was also the top destination, receiving 128,400 RB, followed by Pakistan with 69,100 RB.
CONAB (Brazil’s crop agency) on Thursday slightly raised its forecast for Brazil's cotton production by 0.07 MMT, bringing the total estimate to 3.89 MMT.
On Wednesday, The Seam reported sales of 670 cash bales at an average price of 56.98 cents/pound.
The Cotlook A Index dropped 40 points on April 9, now standing at 77.55 cents/pound.
ICE Cotton Stocks remained unchanged on April 9, with certified stocks totaling 14,488 bales.
The USDA Adjusted World Price (AWP) fell 212 points last week, now at 53.10 cents/pound.