ICE’s most active December 2025 contract settled at 66.68 cents per pound (0.453 kg), down 0.03 cent. It touched 66.65, the lowest level since August 11, and has lost a total of 133 points over the last three sessions. Other active contracts closed with losses between 2 and 10 cents.
The stronger US dollar made cotton costlier for foreign buyers, further pressuring prices. Analysts noted that demand concerns stemming from the US tariff against India also weighed on the market, while weakness in grains discouraged fresh buying.
The US imposed a 25 per cent punitive tariff on Indian goods effective August 27, in response to India’s purchases of Russian oil. Indian garments will face a 50 per cent tariff on top of the regular MFN duty. These measures are expected to reduce India’s textile exports to the US and lower downstream demand for raw cotton in India.
Traders now await the USDA weekly export sales report due Thursday.
ICE deliverable stocks (August 26) remained unchanged at 15,474 packages for No. 2 cotton futures contracts.
Currently, ICE cotton for December 2025 was trading at 66.69 cents per pound (up 0.01 cent). Cash cotton stood at 64.16 cents (down 0.06 cent), the October 2025 contract at 65.41 cents (down 0.06 cent), the March 2026 contract at 68.43 cents (down 0.01 cent), the May 2026 contract at 69.82 cents (up 0.04 cent), and the July 2026 contract at 70.60 cents (up 0.05 cent). A few contracts remained at previous closing levels with no trades recorded.
ALCHEMPro News Desk (KUL)
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