Global cotton prices remain stable amid currency movements: Cotton Inc
The nearby July NY/ICE futures contract traded between 65 and 70 cents per lb, while the December contract ranged between 67 and 71 cents per lb. The A Index held firm between 77 and 81 cents per lb.
Global cotton prices remained largely stable over the past month. NY/ICE July futures traded between 65â€'70 cents per lb, while the December contract stayed within 67â€'71 cents. The A Index held between 77â€'81 cents per lb. China's CC Index stayed near 89 cents per lb amid RMB appreciation. Indian spot prices rose slightly to 82 cents per lb, while Pakistani prices remained steady at 72 cents per lb.
China's CC Index (3128B) remained steady near 89 cents per lb, with domestic prices close to 14,200 RMB per ton as the RMB appreciated from 7.34 to 7.24 RMB per USD, Cotton Incorporated said in its Monthly Economic Letter - Cotton Market Fundamentals & Price Outlook - May 2025.
Indian spot prices (Shankar-6) showed a slight upward trend, rising from just below 80 to 82 cents per lb. In local terms, prices increased from ₹53,900 to 54,600 per candy, with the INR stable around 85 per USD.
Pakistani spot prices hovered near 72 cents per lb, holding steady at around 16,700 PKR per maund as the PKR traded consistently at 280 per USD.
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