• During the month of May 2025, the NY July ICE cotton contract exhibited a generally bearish trend. The month began on a strong note with a brief rally in the early days. However, this upward momentum quickly faded as the market came under consistent downward pressure. Mid-month was marked by heightened volatility, with prices dipping to their lowest levels before staging a modest recovery.
Market Movement from 26th May 2025 to 31st May 2025.
• There was news of a trade deal falling through between China and the U.S., which added pressure to the market. The NY July future closed the week with a loss of 105 points.
• The export shipments were decent, so the USDA may have to raise its target in the June WASDE report.
Markets were busy despite the holiday-shortened trade week, with cotton slipping to the low end of its range amid renewed trade tensions and mixed economic data. With uncertainty still looming in every headline, where do prices go from here? Get QuickTake’s read on the week’s events in five minutes.
Government of India has increased the Minimum Support Price of Medium Staple Cotton from 7,121 to 7,710 and Long Staple Cotton from 7,521 to 8,110 for season 2025-26.