Cotton prices were mixed with key indices showing opposite movement. US Cotton futures settled at a 2-1/2 month high up 3.5% for the week as benchmark December cotton contract on ICE Futures US finish at US cents 73.94 per pound. ON the other hand, the Cotlook A index lost US cents 2.20 while the
China Cotton Index inched up 29 yuan per ton. In Pakistan, the spot rate rose PakRs75 per maund ex-Karachi as the market remained tight due to decline in arrival of lint. India’s cotton cultivation acreage will contract by about 10-15% due to deficit rains but cotton prices were down INR 400-1,200 per candy this week.