ICE cotton futures market rises

ICE cotton futures market rose. Contract of Dec closed at 70.38cent/lb, up 0.77cent/lb and contract of Mar closed at 71.81cent/lb, up 0.64cent/lb. The market continued to rise as USDA lowered 2024/25 global cotton production and ending stocks, and meanwhile, the hurricane continued to impact the market.

Cotlook A Index rose by 1.5cent/lb to 81.10cent/lb.