Cotton prices increased in the past month on a weaker supply outlook and expectations of stronger demand. In August, cotton prices averaged USD 86.3 cents per metric ton, up 2.6% from July’s price but 23.3% lower year on year. Meanwhile, on 31 August, cotton traded at USD 88.1 cents per pound, 3.1% higher month on month.
This chart displays Cotton (US¢/lb) from 2021 to 2023.
Cotton ICE (prices in US¢/lb, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Cotton ICE | - | - | 92.8 | 111.5 | 123.0 | 139.4 | 104.7 | 83.0 |