Cotton Prices

Cotton prices averaged USD 65.57 cents per pound in June, down 0.9% from May. On 30 June, the commodity traded at USD 66.28 cents per pound, up 1.9% from 30 May.

Cotton prices saw little movement in June, hovering near their year-to-date average. Global trade uncertainty likely weighed on purchasing activity, while higher-than-expected plantings boded well for supply. Meanwhile, prospects of a U.S. trade deal with multiple countries later in the month should have supported prices.