Global cotton benchmarks showed minimal movement over the past month, with prices holding steady across major markets, according to Cotton Incorporated’s May 2025 Monthly Economic Letter – Cotton Market Fundamentals & Price Outlook.

The July NY/ICE futures contract traded within a narrow range of 65–70 cents/lb, while December futures moved between 67–71 cents/lb. The A Index also remained firm, fluctuating modestly between 77 and 81 cents/lb.

China: Yuan Strength Stabilizes Market

In China, the CC Index (3128B) held close to 89 cents/lb. Domestic prices were stable around 14,200 RMB/ton, supported by a strengthening yuan, which appreciated from 7.34 to 7.24 RMB/USD during the period. Currency gains helped temper import cost pressures.

India: Spot Prices Tick Higher

India’s Shankar-6 spot prices recorded a modest increase, rising from just under 80 to 82 cents/lb. In rupee terms, prices moved from ₹53,900 to ₹54,600 per candy, as the INR remained stable at 85/USD. The uptick reflects firm domestic mill demand and steady supply.

Pakistan: Stability Continues

Pakistani spot cotton prices held near 72 cents/lb, with local prices at approximately 16,700 PKR/maund. The PKR traded consistently at 280/USD, and market activity remained subdued with balanced stock levels.

The general stability in global cotton prices provides temporary relief for producers and textile manufacturers, especially across South Asia. However, analysts caution that market sentiment could shift with changes in trade dynamics, crop forecasts, or global economic indicators.

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