Cotton Prices

Cotton prices averaged USD 65.94 cents per pound in March, down 0.5% from February. On 31 March, the commodity traded at USD 66.83 cents per pound, up 4.6% from 28 February.

Cotton prices averaged lower in March amid weak demand. Net U.S. cotton exports fell month on month, China slapped a 15% tariff on U.S. cotton and fears over deepening trade tensions further capped sentiment. That said, the USDA forecasted plantings in 2025 to fall over 10% from 2024, which supported prices somewhat.