Tag: cotton surplus forecast
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Global Cotton Market: Prices ease as futures hit contract lows, demand improves selectively
Trade activity rises despite weak ICE prices Tighter output outlook narrows global surplus ahead Global cotton prices eased modestly in January. The Cotlook A Index ended the month at 73.95 cents/lb, while ICE New York futures remained under pressure, with the March contract falling 110 points m-o-m to 63.17 cents/lb and touching a life-of-contract low…