Cotton Prices

Cotton prices averaged USD 74.01 cents per pound in June, down 9.4% from May. On 30 June, the commodity traded at USD 72.22 cents per pound, down 5.2% from 29 May.

In June, cotton’s price rally, which began with the U.S.–Iran war, came to a halt; prices eased for the first time in four months, likely due to the tentative ceasefire and a downtick in the price of oil—a key input in the production of cotton-substituting synthetic fibers.