ICE cotton futures market moves down

ICE cotton futures market moved down. Contract of Mar closed at 63.74cent/lb, down 0.04cent/lb and contract of May closed at 65cent/lb, down 0.03cent/lb. The U.S. cotton export sales were relatively good in early Oct. Under current price spread, U.S. cotton imports are hard to recover significantly.

Cotlook A Index reduced by 0.65cent/lb to 74cent/lb.