ICE cotton futures market edges lower

ICE cotton futures market edged lower. Contract of Dec closed at 63.59cent/lb, down 0.25cent/lb and contract of Mar closed at 65.26cent/lb, down 0.34cent/lb. Brazilian cotton exports have accelerated, and while China has cotton quotas available, the digestion of these quotas has been slow due to expectations for U.S. cotton imports.

Cotlook A Index reduced by 0.75cent/lb to 75.30cent/lb.