Cotton prices averaged USD 80.99 cents per pound in September, down 4.9% from August. On 30 September, the commodity traded at USD 74.79 cents per pound, down 18.4% from 31 August.
In September, cotton prices remained among the highest since early 2024 despite easing from August; the USDA projects that in 2026/27 production will fall short of mill use, a proxy for consumption. Higher oil prices were also supportive—cotton-substituting synthetic fibers are derived from crude oil.
This chart displays Cotton (US¢/lb) from 2024 to 2026.
Cotton ICE (prices in US¢/lb, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cotton ICE | - | - | - | 70.47 | 66.62 | 66.00 | 65.77 | 63.95 | 64.56 | 76.81 | 81.48 | - |