ICE cotton futures market goes up

ICE cotton futures market went up. Contract of Mar closed at 64.91cent/lb, up 0.50cent/lb and contract of May closed at 66.44cent/lb, up 0.53cent/lb. According to USDA, global and U.S. cotton production is forecast lower and U.S. cotton exports are unchanged.

Cotlook A Index remained unchanged at 74.45cent/lb.