Source: YnFx.com
Cotton was dearer across markets as strong US export numbers helped relieve concerns that recent high prices would deter demand from China, the world's largest consumer. The most-active May cotton contract on ICE Futures rose US cents 0.40 day on day but was down US cents 0.11 on the week.
The Cotlook A index was up US cents 0.25 while China Cotton Index sobered 2 Yuan a ton. In Pakistan, trading remained brisk with firm spot rate amid strong physical prices while fine line remained in focus. Indian cotton exports showed signs of recovery with registrations for shipments jumping 2 million bales since the beginning of the year. Prices of fine variety cotton were seen rising INR500-1,100 per candy. (Source: YnFx.com)