MP_CN208 3/27/2025 Memphis, TN USDA Cotton and Tobacco Program, MND World market prices for upland cotton, in cents per pound, in effect from 12:01 a.m., EDT, Friday 2024-2025 Feb Feb 28 Mar Mar Mar Mar 28 21-27 Mar 6 7-13 14-20 21-27 Apr 3 Adjusted world price 1/ 54.67 53.89 51.88 53.76 54.63 53.66 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 0.00 0.00 0.12 0.00 0.00 0.00 Fine count adjustment 20 0.00 0.00 0.00 0.00 0.00 0.00 Fine count adjustment 20 0.00 0.00 0.00 0.00 0.00 0.00 1/ Color 41, leaf 4, staple 34, mike 35-36 & 43-49, strength readings of 26.0-28.9 grams per te Source: Farm Service Agency, USDA. 0 ICE futures contract settlement, designated spot market average for color 41, leaf 4, staple 34, Far Eastern 'A' Index Color 41, Leaf 4, Staple 34 Far Eastern Date Futures Settlement 7-MarketA Index 1/ May-25 Jul-25 Oct-25 Dec-25 Mar-26 May-26 Average Current Mar 21 65.27 66.79 68.75 68.66 69.85 70.63 61.59 78.25 0.00 Mar 24 65.42 67.03 68.87 68.93 70.09 70.83 61.74 77.50 0.00 Mar 25 65.14 66.75 68.83 68.80 70.02 70.77 61.46 77.75 0.00 Mar 26 65.68 67.22 69.16 69.29 70.46 71.15 62.00 77.40 0.00 Mar 27 67.07 68.34 70.19 70.29 71.44 72.12 63.43 77.90 0.00 1/ Far Eastern A Index furnished by Cotton Outlook of Liverpool. Color 41, Leaf 4, Staple 34 Cents per Pound 7-Market Date SoutheasNorth DeSouth DeETX/STX WTX/OK/KDesert SSJ ValleAverage Mar 21 63.77 62.77 62.77 60.02 61.02 60.27 60.52 61.59 Mar 24 63.92 62.92 62.92 60.17 61.17 60.42 60.67 61.74 Mar 25 63.64 62.64 62.64 59.89 60.89 60.14 60.39 61.46 Mar 26 64.18 63.18 63.18 60.43 61.43 60.68 60.93 62.00 Mar 27 65.82 64.57 64.57 61.82 62.82 62.07 62.32 63.43 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2023-2024 2024-2025 Description Through March 21 Through March 20, 2025 Week Mkt. Yea Week Mkt. Year Outstanding sales - 4,080,50 - 4,319,000 Exports 360,700 6,724,20393,400 5,990,000 Total export commitments - 10,804,7 - 10,309,000 New sales 114,800 - 109,800 . Buy-backs and cancellations 16,700 - 25,400 - Net sales 98,200 - 84,400 - Sales next marketing year 72,200 1,062,80 41,600 1,009,200 Net sales of Upland totaling 84,400 RB for 2024/2025 were down 17 percent from the previous week and 57 percent from the prior 4-week average. Increases primarily for Pakistan (35,300 RB, including decreases of 900 RB), Vietnam (18,900 RB, including 6,400 RB switched from China, 800 RB switched from South Korea, and 200 RB switched from Japan), Turkey (16,900 RB), Bangladesh (14,600 RB, including decreases of 100 RB), and Thailand (9,600 RB), were offset by reductions for China (27,000 RB), Mexico (2,800 RB), El Salvador (100 RB), and Guatemala (100 RB). Net sales of 41,600 RB for 2025/2026 were reported for Malaysia (17,600 RB), Thailand (12,300 RB), Honduras (7,500 RB), Mexico (2,600 RB), and Japan (1,600 RB). Exports of 393,400 RB were up 12 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Vietnam (114,900 RB), Turkey (69,400 RB), Pakistan (68,100 RB), Mexico (23,700 RB), and India (19,400 RB). Net sales of Pima totaling 19,900 RB for 2024/2025 were down 25 percent from the previous week, but up 25 percent from the prior 4-week average. Increases primarily for Vietnam (13,100 RB), India (4,500 RB), Thailand (1,300 RB), Pakistan (1,200 RB), and Italy (400 RB), were offset by reductions for China (1,300 RB). Exports of 11,900 RB were down 29 percent from the previous week, but up 26 percent from the prior 4-week average. The destinations were primarily to China (4,100 RB), Peru (2,400 RB), Vietnam (1,300 RB), Pakistan (1,200 RB), and India (1,100 RB). Optional Origin Sales: For 2024/2025, the current outstanding balance of 8,800 RB, all Pakistan. Exports for Own Account: For 2024/2025, new exports for own account totaling 7,700 RB were to China (6,600 RB) and Vietnam (1,100 RB). The current exports for own account outstanding balance of 17,500 were to China (16,400 RB) and Vietnam (1,100 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports