ICE cotton futures market edges lower

ICE cotton futures market edged lower. Contract of Dec closed at 70.62cent/lb, down 0.08cent/lb and contract of Mar closed at 72.51cent/lb, down 0.11cent/lb. By the week ending Jul 21, the good-to-excellent ratio of U.S. cotton crops has increased obviously from previous week, and the progress of squaring and setting bolls was also fast.

Cotlook A Index reduced by 1.15cent/lb to 81.05cent/lb.