Cotton Prices

Cotton prices averaged USD 70.20 cents per pound in November, down 2.1% from October. On 29 November, the commodity traded at USD 73.35 cents per pound, up 5.4% from 31 October.

The U.S. dollar’s recent appreciation dampened cotton prices in recent weeks. Moreover, the USDA cut its global consumption projections for 2024/25, boding ill for demand. That said, surging exports plus the USDA’s downwardly revised projections for U.S. and global production in 2024/25 limited the price fall.