Cotton Prices

Cotton prices averaged USD 93.79 cents per pound in March, up 1.0% from February. On 29 March, the commodity traded at USD 91.38 cents per pound, down 10.0% from 29 February.

Cotton prices averaged higher in March, as the latest USDA report forecasted lower global production and higher trade and mill use for 2023/24. However, a subdued global demand environment likely tempered the rise, while a high base effect due to a price spike in late February saw prices end March lower month on month.