Textiles
Cotton
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Nov 19 Feb 20 May 20 May 21 Aug 21 Nov 21
Cotton ICE NY US - C/lb
Aug 20 Nov 20 Feb 21
COTN - Cotton #2 ICE NY US(DH-3)
The average price of US cotton fell by 5.6% m-o-m to USc 107.9/lb in December, with new crop
supplies arriving at major markets. The onset of the Omicron variant is negatively impacting prices of
major stock market indices. Rapid and volatile downward movements in major US stock indices
incentivised speculators to liquidate their long positions and lowered open interest in the March 2022
cotton contract. However, the US cotton price increased by 44.9% y-o-y, due to high US exports
(+34%y-o-y) in December.
The average price of Indian cotton reached INR 1,85,123/MT, down 1.6% m-o-m due to new crop
supplies on the market. Also, the higher premiums sought by India could force Asian buyers, such
as Bangladesh, Vietnam and China, to increase purchases from other suppliers such as the US, Brazil,
Australia and African nations.
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Nov 19 Feb 20 May 20 Aug 21 Nov 21
Cotton Shankar 6 spot IN - INR/MT
Aug 20 Nov 20 Feb 21 May 21
QW14 - Cotton Shankar 6 spot IN
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