ICE cotton slips on weak exports, but lower acreage offers support
ICE cotton prices declined further due to weak US export sales but found some support from lower planting acreage and rising crude oil costs. Crude oil gains, following the US revocation of Chevron’s Venezuela licence, pushed polyester fibre prices higher. USDA data showed a sharp drop in export sales and projected an 11 per cent decline in US cotton planting for 2025-26.
ICE cotton prices declined further due to weak US export sales but found some support from lower planting acreage and rising crude oil costs.
Crude oil gains, following the US revocation of Chevron’s Venezuela licence, pushed polyester fibre prices higher.
USDA data showed a sharp drop in export sales and projected an 11 per cent decline in US cotton planting for 2025-26.
