Cotton prices averaged USD 71.92 cents per pound in June, down 7.7% from May. On 28 June, the commodity traded at USD 69.81 cents per pound, down 8.3% from 31 May.
Cotton prices eased for the third consecutive month in June, as the USDA raised its estimates for 2023/24 production but reduced trade and consumption forecasts. In addition, the agency expects higher beginning and ending stocks in 2024/25, while seeing production, use and export projections unchanged from last month.
This chart displays Cotton (US¢/lb) from 2022 to 2024.
Cotton ICE (prices in US¢/lb, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Cotton ICE | 83.07 | 82.01 | 85.70 | 81.18 | 89.48 | 77.82 | - | - |