International Cotton Market
31-Jul-2025 08:17 AM
International Cotton Market
ICE cotton futures came under pressure on Wednesday due to a stronger dollar, closing 17 to 40 points lower. The U.S. dollar index gained \$1.063 to reach 99.71, with most of the strength coming late in the day after the Fed left rates unchanged as expected. Crude oil futures rose by \$1.09 per barrel.
On Wednesday morning, President Trump posted that tariffs on India will be increased to 25% from August 1, citing trade deficits and India’s purchases of Russian crude oil.
The Seam reported 309 bales sold on Tuesday at an average price of 60.29 cents per pound. The Cotlook A Index rose 10 points to 78.80 cents on July 29. ICE cotton certified stocks remained steady at 21,617 bales on July 29. USDA’s Adjusted World Price (AWP) increased 23 points to 54.95 cents per pound, effective through this Thursday.