Cotton Prices

Cotton prices averaged USD 65.78 cents per pound in August, down 1.5% from July. On 29 August, the commodity traded at USD 65.21 cents per pound, down 0.6% from 31 July.

Cotton traded lower month on month in August, as U.S. tariff hikes on India discouraged purchasing activity. Weaker oil prices—which make polyester, a substitute, cheaper—also weighed on cotton markets.