On Friday morning, cotton prices increased by 40 to 45 points, following a strong closing on Thursday, where July futures gained the maximum limit of 3 cents and May futures also rose by 3 cents. In total, most contracts rose between 102 and 254 points. The USDA reported that for the week of April 23, there were 162,879 running bales (RB) of cotton sold for the upcoming 2025/26 marketing year, marking a 56.61% increase from the same week last year.
The report detailed that Vietnam was the largest buyer, purchasing 55,600 RB, while Pakistan bought 33,300 RB. Additionally, new crop sales reached 105,747 RB, the fourth-largest total for 2026/27. Turkey and China also made significant purchases, totaling 66,100 RB and 22,000 RB, respectively. Cotton shipments for the week hit a five-week high of 384,608 RB, with major sales to Vietnam and Pakistan.
As of April 29, the Seam recorded 1,524 bales sold at an average price of 76.04 cents per pound, while the Adjusted World Price rose to 65.66 cents per pound. The Cotlook A Index remained stable at 89.55 cents on Wednesday, and ICE certified cotton stocks stood at 165,681 bales.
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