By admin       2018-08-03

ICE cotton futures market inched up. Contract of Dec closed at 88.82cent/lb, up 0.52cent/lb and contract of Mar closed at 88.75cent/lb, up 0.51cent/lb. By the week ending Jul 26, sales of 2017/18 U.S. cotton reached 4.4kt, down 49% from prior four week average. Sales of 2018/19 U.S. cotton were 59kt. Cotlook A Index declined by 1.25cent/lb to 98.25cent/lb.

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