ICE May cotton contract declines

ICE May cotton contract declined. Contract of May closed at 93.34cent/lb, down 1.23cent/lb and contract of Jul closed at 93.12cent/lb, down 1.14cent/lb. U.S. dollar remained firm, weighing on cotton prices. Pay attention to the US Fed's interest rate cut plan this week.

Cotlook A Index rose by 0.5cent/lb to 98.90cent/lb.