International Cotton Market Update

04-Apr-2025 08:18 AM

International Cotton Market Update
ICE cotton futures closed Thursday’s session with a drop of up to 3 cents in front-month contracts, while other contracts fell between 260 to 284 points. Crude oil futures were down by $5.09 per barrel, and the U.S. Dollar Index recorded a decline of $1.821.
President Trump, on Wednesday, announced a large series of reciprocal tariffs, including a 29% tariff on Pakistan, 46% on Vietnam, and 34% on China (bringing the total to 54% including earlier tariffs imposed this year). A baseline tariff of 10% has been imposed on Turkey. These tariffs will come into effect on April 9, while the baseline tariff takes effect from April 5. No announcement has yet been made regarding retaliatory tariffs.
According to export sales data, for the week ending March 27, total sales reached 129,102 running bales (RB), marking a three-week high. Vietnam was the largest buyer with 88,600 RB, followed by Pakistan with 21,000 RB, while there was a net reduction of 21,300 RB for China. Shipments totaled 93,838 RB, slightly higher than the previous week. The breakdown of shipments was 120,000 RB to Vietnam, 76,700 RB to Turkey, and 63,600 RB to Pakistan.
In February, cotton exports (excluding linters) totaled 1.395 million bales, which is 9.1% lower than the same month last year but 34.46% higher than in January.
On The Seam, 4,072 bales were sold online on Wednesday at an average price of 65.41 cents per pound.
The Cotlook A Index rose by 125 points on April 2, reaching 80.10 cents per pound.
ICE cotton stocks remained unchanged on April 2, with certified stocks currently at 14,488 bales.
The USDA’s Adjusted World Price (AWP) rose by 158 points on Thursday afternoon, reaching 55.22 cents per pound.