ICE cotton futures market declines

ICE cotton futures market declined. Contract of Dec closed at 67.73cent/lb, down 0.66cent/lb and contract of Mar closed at 69.32cent/lb, down 0.52cent/lb. After USDA forecast a lower U.S. cotton planting areas, ICE cotton moved up and then declined, with lingering doubts in the market.

Cotlook A Index rose by 1.75cent/lb to 79.95cent/lb.