MP_CN208 5/1/2025 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 Mar 28 Apr Apr Apr Apr 25 May Apr 3 4-10 11-17 18-24 May 1 2-8 Adjusted world price 1/ 53.66 55.22 53.10 53.43 54.88 54.94 Course count adjustment 0.00 0.00 0.00 0.00 0.00 0.00 Loan Deficiency Payment 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 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 Apr 25 66.85 68.80 70.32 69.97 71.02 71.86 65.84 80.55 0.00 Apr 28 66.38 67.55 69.29 69.01 70.13 70.99 64.59 80.15 0.00 Apr 29 66.35 66.49 68.37 68.27 69.44 70.34 63.53 79.00 0.00 Apr 30 65.77 66.02 68.03 67.79 69.02 69.94 63.06 78.00 0.00 May 01 65.61 65.66 67.32 67.43 68.65 69.58 62.70 77.50 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 Apr 25 67.80 67.05 67.05 64.80 64.80 64.55 64.80 65.84 Apr 28 66.55 65.80 65.80 63.55 63.55 63.30 63.55 64.59 Apr 29 65.49 64.74 64.74 62.49 62.49 62.24 62.49 63.53 Apr 30 65.02 64.27 64.27 62.02 62.02 61.77 62.02 63.06 May 01 64.66 63.91 63.91 61.66 61.66 61.41 61.66 62.70 Source: USDA, AMS, Cotton and Tobacco Program, Cotton Market News. 0 2023-2024 2024-2025 Description Through April 25Through April 24, 2025 Week Mkt. Yea Week Mkt. Year Outstanding sales - 3,317,40 - 3,220,100 Exports 180,000 8,074,30366,000 7,747,400 Total export commitments - 11,391,7 - 10,967,500 New sales 104,400 - 117,100 . Buy-backs and cancellations 6,900 - 8,700 - Net sales 97,400 - 108,400 - Sales next marketing year 34,400 1,301,50 32,900 1,204,900 Net sales of Upland totaling 108,400 RB for 2024/2025 were up 4 percent from the previous week, but down 21 percent from the prior 4-week average. Increases primarily for Malaysia (25,600 RB), Bangladesh (25,400 RB), Vietnam (15,200 RB, including 2,200 RB switched from China, 400 RB switched from South Korea, 400 RB switched from Hong Kong, 100 RB switched from Japan, and decreases of 500 RB), Thailand (14,800 RB, including decreases of 500 RB), and Indonesia (8,900 RB, including 100 RB switched from Japan), were offset by reductions for Hong Kong (400 RB), China (400 RB), South Korea (400 RB), and Guatemala (100 RB). Net sales of 32,900 RB for 2025/2026 were reported for Indonesia (15,800 RB), Pakistan (15,400 RB), China (900 RB), Turkey (600 RB), and Vietnam (200 RB). Exports of 366,000 RB were up 25 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to Vietnam (108,000 RB), Turkey (96,100 RB), Pakistan (52,300 RB), Bangladesh (28,100 RB), and Malaysia (11,100 RB). Net sales of Pima totaling 13,200 RB for 2024/2025 were up noticeably from the previous week and from the prior 4-week average. Increases primarily for Vietnam (5,500 RB, including 100 RB switched from Japan), Peru (3,500 RB), Egypt (3,000 RB), Bangladesh (400 RB, including decreases of 700 RB), and India (400 RB), were offset by reductions for Japan (200 RB). Total net sales of 200 RB for 2025/2026 were for Turkey. Exports of 3,900 RB were down 73 percent from the previous week and 64 percent from the prior 4-week average. The destinations were primarily to India (2,300 RB), Egypt (900 RB), Peru (400 RB), Pakistan (100 RB), and Japan (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, the current exports for own account outstanding balance of 13,300 RB were to China (11,100 RB) and Vietnam (2,200 RB). USDA, AMS Cotton and Tobacco Program, Cotton Market News Division 3275 Appling Rd Memphis, TN 38133 www.ams.usda.gov/cnmnreports