ICE cotton futures market declines further

ICE cotton futures market declined further. Contract of May closed at 66.60cent/lb, down 0.27cent/lb and contract of Jul closed at 67.68cent/lb, down 0.19cent/lb. According to USDA, 2025/26 U.S. cotton planting areas may reduce by 11% to 10 million acres.

Cotlook A Index reduced by 0.5cent/lb to 77.5cent/lb.