Cotton prices averaged USD 70.82 cents per pound in September, up 4.1% from August. On 30 September, the commodity traded at USD 73.56 cents per pound, up 5.4% from 30 August.
After five consecutive months of decline, cotton prices gained ground in September. The start of monetary policy easing by the U.S. Fed and new stimulus measures adopted by China during the month lifted expectations for demand ahead. On the supply side, the USDA’s upbeat projections for 2024/25 production capped price growth.
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 | 69.41 | - |