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Cotton futures advance for second day on short-covering

Related Keywords: china cotton reserve, cotton price, global cotton prices, us cotton futures

Cotton futures gained on 13 November on short-covering in heavy trading as the index fund roll neared its conclusion and mill buying under the market continued to underpin prices. The most-active March cotton contract on ICE Futures US closed up 0.5%, to settle at US cents 78.59 per pound, up for a second straight session. Meanwhile, spot December contract edged up 0.1% to US cents 77.97 per pound.

KCA Increases Cotton Price

Related Keywords: cotton, cotton price

The Karachi Cotton Association (KCA) revised up its cotton spot (average) rate by Rs50 per maund (37.324 kilograms) to Rs7,000 per maund after the price of the commodity recovered to Rs7,200 per maund at the local markets, a dealer said on Monday.

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