ICE cotton futures market rebounds

ICE cotton futures market rebounded. Contract of Dec closed at 71.05cent/lb, up 1.36cent/lb and contract of Mar closed at 73.43cent/lb, up 1.35cent/lb. The market was stimulated by the lower US dollar index and the interest rate cut by US Fed. Meanwhile, the U.S. cotton export sales improved.

Cotlook A Index reduced by 0.2cent/lb to 82.0cent/lb.