Cotton prices averaged USD 66.29 cents per pound in February, down 1.8% from January. On 28 February, the commodity traded at USD 63.88 cents per pound, down 3.0% from 31 January.
Cotton prices continued to lose ground in February amid weak demand: The USDA’s latest estimates point to declining cotton exports amid a strong U.S. dollar, competition from alternative fibers and mounting uncertainty regarding global trade.
This chart displays Cotton (US¢/lb) from 2023 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 | 69.41 | 70.47 |