Cotton Exchange Prices 2024

Cotton is an important agricultural product as it is essential for textile activities carried out worldwide. The cotton industry has a significant impact on producers, textile companies and consumers, especially due to its importance for textiles. The ‘World Cotton Exchange’, which is a determinant on world cotton prices, is an institution that offers activities for the purpose of organising purchases and sales in addition to determining prices.

The cotton exchange is a market where cotton and similar agricultural commodities are bought and sold. As of today, cotton prices 2024 are determined in this market. In this stock exchange, tasks such as facilitating cotton trading processes, organising buying and selling transactions and determining the cotton stock exchange price are undertaken.

Will Cotton Prices Rise?

According to the report titled ‘World Agricultural Supply and Demand Estimates’ prepared by the US Department of Agriculture, cotton production on a global basis is expected to decrease by 342 thousand bales for the 2023-2024 season. To explain through the supply-demand balance, a decrease in product supply (production) increases the cost of reaching the product. Higher demand for less product leads to an increase in the price of the product. When spoken on the basis of the World Agricultural Supply and Demand Forecasts report, cotton price comments are upward. In other words, it can be expected that current cotton prices will increase, but it is necessary to look at the consumption dimension as well as production. In the relevant report, for example, the forecast for Turkey is that cotton use will decrease by 14% for the period 2023-2024. Looking at these two indicators, it would not be correct to comment that the stock market cotton price will increase or decrease.

What do cotton prices change according to?

Demand and supply balance is taken into account when determining current cotton prices. If unfavourable weather conditions occur for the relevant year, agricultural policies that are not in favour of the producer are determined, and production costs increase, the supply decreases. In terms of the consumer, the cost of access to cotton, purchasing power and changes in the area of interest of the consumer directly affect the demand. While an increase in demand increases prices, a decrease in demand decreases prices. Product price and demand are directly proportional. A decrease in supply (limited production) increases prices, while an increase in supply (abundance) decreases prices. In other words, supply and product prices work inversely.

How to Invest in Cotton in Forex?

In order to conduct research on Forex current cotton prices or to trade on the stock exchange, research is done with the CT symbol. In order to invest in cotton in the Forex market, investment is usually made in the form of CFDs. With this method, which is called a difference contract, a physical purchase and sale is not carried out, but an investment is made in price movements.

How to Invest in Cotton in VIOP?

In order to invest in cotton in VIOP (Futures and Options Market), firstly, the cotton price chart with instant cotton prices is examined. COTEGE transaction code is used to make futures investment on VIOP. In order to trade on the Aegean Cotton Futures Contract, transactions can be carried out in VIOP under the roof of Borsa Istanbul.

Will Cotton Prices Fall?

There are many factors that have an impact on the cotton stock market price. Factors such as cotton production volume and cotton demand for the relevant period have a direct impact on the price. While determining the price, supply and demand balance is taken into account on a global basis. For this reason, it is considered wrong to give information that prices will increase or decrease. The cotton price chart can be examined to analyse whether it is the right moment for cotton investment.

How Can I Access the Latest Cotton Prices?