Cotton Holds Firm Near 80 Cents as Global Markets Find Their Footing
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This is your Cotton podcast.
You are listening to Daily Cotton Price Tracker, and I am Vanessa Clark.
Let us get straight into today’s cotton market update. According to Trading Economics, the global benchmark cotton futures price is currently trading around 79 point 8 cents per pound on the Intercontinental Exchange. That puts cotton just under the 80 cent level, after a modest rebound over the past week.
In China, SunSirs reports that the spot price for domestic grade 3128 B lint cotton is about 17 thousand 613 yuan per ton, showing a weekly increase of a little over 1 percent. That tells us that both international and domestic cotton prices have been moving higher together, supported by tighter global supply and a more positive market mood.
In India, local mandi markets are also seeing some strength. For example, recent data from Jobat A P M C shows the highest traded cotton price at about 7 thousand 400 rupees per quintal, with an average near 7 thousand 150. That is an encouraging sign for farmers watching daily cotton prices and trying to time their sales.
What is driving these moves? Analysts are pointing to concerns about weather in key cotton growing regions, a still tight global balance between supply and demand, and some improvement in downstream textile and apparel expectations. At the same time, demand is not booming, so most traders expect cotton prices to stay in a choppy range rather than sprint much higher.
If you are a grower, ginner, or textile buyer, keep an eye on local basis levels compared to that roughly 80 cent per pound futures price. Knowing your local cash price relative to the global benchmark can help you decide whether to hold, forward sell, or lock in a portion of your crop or procurement.
That is it for today’s Daily Cotton Price Tracker with Vanessa Clark. Thanks for listening, be sure to subscribe, and tune in next time for your latest cotton price update.
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