ICE cotton futures market slumps

ICE cotton futures market went lower amid an inflationary CPI which rallied the U.S. dollar and sent the Dow lower. Contract of May closed at 85.31cent/lb, down 0.73cent/lb and contract of Jul closed at 87.07cent/lb, down 0.77cent/lb. Currently, supply is sufficient, and with no adequate demand, the market is hard to rise. USDA's Apr supply and demand report is awaited.

Cotlook A Index reduced by 0.75cent/lb to 91.4cent/lb.