International Cotton Market Update:

05-Feb-2025 08:14 AM

International Cotton Market Update: 
ICE cotton futures gained 88 to 94 points on Tuesday. External markets showed mixed signals, with crude oil futures down by 43 cents per barrel. The U.S. dollar index was down by 1.042 points, providing support.
The Seam reported 4,407 bales sold online on February 3, with an average price of 59.81 cents per pound. ICE cotton stocks remained unchanged on Monday, with 218 bales of certified stocks. Cotlook A Index dropped by 50 points to 76.80 cents per pound on February 3. The USDA Adjusted World Price (AWP) increased by 31 points from last week, standing at 54.02 cents per pound as of last Thursday afternoon.