By admin       2018-09-05

ICE cotton futures market edged up. Contract of Dec closed at 82.89cent/lb, up 0.74cent/lb and contract of Mar closed at 83.19cent/lb, up 0.64cent/lb. By the week ending Sep 2, 41% of U.S. cotton crops are good to excellent condition, up 3% from previous week, but down 24% from a year ago. ICAC revises lower the global cotton stocks to 16.91 million tons in 2018/19 season, down 800kt from Aug's estimation. Cotlook A Index remained unchanged at 92.15cent/lb.

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