Cotton prices experienced declines on Thursday, falling between 28 to 35 points. The US dollar index rose by 309 points, recovering from a four-month low. Additionally, crude oil prices increased by 40 cents per barrel.
For the week ending July 11, cotton export sales reached 27,240 running bales (RB), marking a marketing year low, while new crop sales hit a five-week high at 165,590 RB. Actual export shipments were recorded at 113,106 RB, the lowest since November.
As of July 17, ICE cotton stocks remained unchanged at 41,122 bales, while the Cotlook A Index decreased by 90 points on July 16 to 81.70 cents per pound. The USDA Average World Price (AWP) is 56.08 cents per pound, with updates expected later today.
