Global cotton benchmarks softened last month
Most global cotton benchmarks moved lower than last month, with weakness intensifying in February. As selling pressure increased, the nearest March NY/ICE futures contract fell to a lifetime low of about 61 cents a pound, down from about 65 cents a pound in late January. The December contract followed a similar trend but saw lighter losses, falling from 69 cents to 67 cents a pound, according to Cotton Incorporated.
The Cotlook A index slipped marginally to 73 cents a pound from 74, reflecting soft international sentiment.
In China, CC index 3128B remained steady around 104 cents per pound, equivalent to about 16,000 RMB per ton. The renminbi remained broadly stable at around 6.95 RMB per USD, according to Cotton Incorporated's monthly economic paper – Cotton Market Fundamentals and Price Outlook – February 2026.
Indian cotton prices declined from 78 cents to 76 cents a pound or ₹55,200 to ₹54,000 per candy. The rupee was trading near ₹91 per USD during this period.
In Pakistan, prices rose to 67 to 70 cents per pound, or 15,500 to 16,000 PKR per maund (about 37.32 kg), before easing recently. Last month the Pakistani Rupee remained around 280 PKR per USD.
Overall, global price movements reflected cautious demand conditions, with currency stability limiting sharp fluctuations in key producing sectors.
read more :- Rupee fell 11 paise to close at 90.60 per dollar
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