ICE cotton futures market rebounds further

ICE cotton futures market rebounded further. Contract of Jul closed at 72.6cent/lb, up 1.31cent/lb and contract of Dec closed at 75.07cent/lb, up 1.68cent/lb. The increase of rainfall in Texas and India may impact 2024/25 cotton production.

Cotlook A Index rose by 1.25cent/lb to 83.45cent/lb.