Cotton inventories monitored by ICE Futures U.S. have plummeted 96%. This is noteworthy because the U.S. is the worlds largest cotton exporter.
This has caused a sharp rally in the cotton market. Nearby October ICE cotton futures spiked to 82.36 cents per pound, up 1.68 cents. Since January 2009, cotton has risen from 50 cents per pound to a high of 84.94 cents in 2010.
U.S. cotton spot prices for the week ending July 22 were 2.3 million bales, up 65%.

Cotton Prices Chart Cotton Prices Quote Update time:6/19/2013 Symbol (CFDs) Exp Last High Low Chg. Chg. % Time  Gold Aug 13 1350.25 1352.05 1349.65 0.00 0.00% 22:05:06  Silver Jul 13 21.250 21.335 21.218 -0.033 -0.16% 22:05:07  Copper Jul 13 3.131 3.141 3.126 -0.009 -0.28% 22:05:06  Brent Oil Aug 13 105.80 105.81 105.56 0.20 0.18% 21:59:48  Crude Oil Aug 13 98.11 98.21 97.98 0.08 0.08% 22:05:06  Natural Gas Jul 13 3.958 3.965 3.947 0.003 0.06% 22:03:54  US Coffee C Sep 13 124.20 125.17 123.42 0.62 0.51% 18:00:05  Live Cattle Aug 13 120.41 120.59 119.10 1.45 1.22% 18:00:05  London Coffee Sep 13 1795.00 1800.00 1755.00 32.00 1.82% 16:29:57  London Wheat Nov 13 170.28 170.28 167.25 2.15 1.28% 16:25:33  London Sugar Aug 13 495.75 497.15 486.80 6.30 1.29% 17:30:04  US Corn Jul 13 680.12 683.38 665.50 7.12 1.06% 18:15:05  US Cocoa Sep 13 2212.50 2228.50 2209.50 -7.00 -0.32% 17:59:53  US Cotton No.2 Dec 13 86.67 87.45 85.83 -0.66 -0.75% 18:30:05  US Soybean Oil Jul 13 49.37 49.59 48.72 0.56 1.14% 18:15:05  US Soybeans Jul 13 1519.38 1526.88 1505.38 7.97 0.53% 18:15:05  US Wheat Jul 13 705.12 710.62 682.62 18.52 2.70% 18:14:59

Cotton prices remained stable at Rs8,500 in the local market, although coffee price gained some energy in the international market, dealers said on Friday. At the International Commodity Exchange (ICE), raw cotton futures contracts for July contracts rose by 6 cents to close at $1.5105 per pound and Cotton Futures Prices for October jumped 1.06 cents to close at $1.3856 per pound.The reality for the nation’s department stores and their investors in 2011 is that high cotton prices are raising the cost of apparel, and high Natural Gas Prices are constricting shopper budgets.

Cotton prices, which touched a 140-year high this season, is expected to see an increase in acreage in prime growing states of Gujarat and Maharshtra. Similarly in Haryana, the Cotton Prices is expected to have increased by 20% at 6 lakh hectares. The production is expected to touch 25.44 lakh bales, compared to 17.44 lakh bales during the 2010-11 marketing season. Cotton Association of India president Dhiren N Seth said that cotton prices in the country was likely to increase by 10% to 15% in 2011-12 season with farmers moving from sowing soyabean, groundnut and rice. In 2010-11 , area under cotton was 11.16 million hectares. In Maharashtra, where sowing is yet to begin, cotton prices is expected to see a 10% increase to 43.50 lakh hectare with production targeted to increase by 24 5 lakh bales at 95.96 lakh bales (one bale=170 kg). Farmers in Gujarat are likely to move from oil seeds and groundnut to cotton this season .


Cotton price ruled steady on higher levels as domestic demand was strong and export inquires increased. The price in Gujarat for Shankar-6 was quoted at Rs 29,700-30,000 for a candy of 356 kg. The Cotton price in Maharashtra for the same variety was stable at Rs 29,000-29,500.Raw cotton price was Rs 730-735 for 20 kg. The ban on cotton exports has not affected the prices, as there was constant demand from domestic spinning mills.

The world Cotton prices Advisory Committee trimmed by 2 cents to 85 cents a pound its forecast for cotton prices in 2010-11.

Nonetheless, cotton price have remained relatively rangebound, hemmed in by more uncertain economic conditions, after doubling in the year to the end of February as hope for recovery took hold.

Cotton prices remained strong amid steady spot rate and brisk trading at Karachi Cotton Association (KCA), traders said on Monday.The KCA spot remained firm at Rs 6,200 per maund while physical prices remained above Rs 6,550 per maund, floor brokers said. He said, Despite rising price of cotton, deals between mill to mill remained on rise while spinning sector bought lots on competitive price during the trading session.