By admin       2016-11-15

ICE cotton futures market inched up in correction and the market is likely to be range bound in short run. Dec contract closed at 68.98cent/lb, up 0.46cent/lb and Mar contract closed at 69.36cent/lb, up 0.18cent/lb. By the week ending Nov 13, 61% of cotton crops has been harvested, up 5% from prior week, down 1% from a year ago and 8% from five-year average, according to USDA. Cotlook A Index declined by 0.75cent/lb to 77.50cent/lb.

Download App

# #

Member Login