International Cotton Market

04-Jan-2025 08:13 AM

International Cotton Market
On Friday, ICE cotton futures experienced a decline of 12 to 92 points, with the March contract closing 123 points lower for the week. Despite supportive external factors, such as the U.S. Dollar Index falling by 469 points and crude oil prices increasing by $0.94/barrel, the cotton market remained subdued.
USDA Report:
Sales: Cotton sales for the week ending 12/26 totaled 128,866 round bales (RB), the lowest in 12 weeks for 2024/25 bookings.
Top Buyers: Turkey (41,300 RB) and Pakistan (30,000 RB).
Shipments: 115,813 RB, marking a 7-week low.
Key Destinations: Vietnam (33,800 RB) and Pakistan (25,300 RB).
Other Figures:
The Seam: On January 2, 10,249 bales were sold online at an average price of 60.01 cents/pound.
ICE Cotton Stock: Remained steady at 20,113 certified stock bales on Thursday.
Cotlook A Index: Unchanged at 78.90 cents/pound on January 2.
USDA Adjusted World Price (AWP): Increased by 48 points to 55.03 cents/pound on Thursday.