Cotton prices averaged USD 85.18 cents per pound in August, up 8.4% from July. On 31 August, the commodity traded at USD 91.70 cents per pound, up 13.9% from 31 July.
In August, cotton prices averaged the highest since March 2024, as the USDA lowered its U.S. production and ending stock projections for 2026/27 while keeping its consumption estimates stable. Higher oil prices further supported cotton prices—crude oil is a key input in the production of cotton-substituting synthetic fibers.
This chart displays Cotton (US¢/lb) from 2024 to 2026.
Cotton ICE (prices in US¢/lb, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cotton ICE | - | - | - | - | - | - | 69.41 | 70.47 | 66.62 | 66.00 | 65.77 | 63.95 |