ICE cotton futures market rises largely

ICE cotton futures market rose largely. Contract of May closed at 68.25cent/lb, up 1.42cent/lb and contract of Jul closed at 69.18cent/lb, up 1.19cent/lb. U.S. cotton, corn, soybean and wheat prices all moved up and coupled with the lower expected planting areas of cotton, ICE cotton increased.

Cotlook A Index reduced by 0.05cent/lb to 78.85cent/lb.