Cotton prices continued their decline into Friday morning, shedding between 95 and 105 points. This downward movement follows significant losses during Thursday’s session, where futures closed down by 223 to 287 points. In broader markets, crude oil saw a marginal increase of 14 cents per barrel, while the US dollar index rose by 0.251.
Recent export sales data for the week of July 9 revealed 34,360 RB of cotton sold for the 2025/26 marketing year, marking a new marketing year low. Key buyers included Bangladesh, which purchased 10,600 RB, and Vietnam, which took 5,800 RB. New crop sales for the week totaled only 4,075 RB—the lowest level since September—with a significant portion allocated to Pakistan. Total shipments reached 214,893 RB, representing a 10.8% decrease compared to the same period last year. Vietnam remains the leading buyer for the year to date, with over 4.2 million bales purchased.
Market indices also showed weakness; the Cotlook A Index fell 75 points to 89.95 cents on Wednesday, while the Forward A index dropped 80 points to 91.80. Regarding inventory, ICE certified cotton stocks decreased by another 20,673 bales due to decertification on July 14, bringing certified stock levels to 100,612 bales. Meanwhile, the Adjusted World Price rose by 3.52 cents on Thursday to settle at 65.37 cents/lb.
Oct 26 Cotton closed at 77.69, down 287 points (currently down 105 points).
Dec 26 Cotton closed at 79.3, down 225 points (currently down 95 points).
Mar 27 Cotton closed at 80.7, down 223 points (currently down 98 points).
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