The most active March 2026 cotton futures settled at 64.49 cents per pound, up 0.25 cent. During the session, the contract touched an intraday high of 64.81 cents, the highest since December 3.
Market support came from better demand for natural fibres and favourable currency movement.
The US dollar index edged lower, making dollar-denominated cotton cheaper for overseas buyers and reinforcing the bullish sentiment.
Analysts said market demand has improved, with US export sales reported to be very strong last week, boosting price confidence. The US Department of Agriculture’s export sales report confirmed the improvement in demand.
ICE cotton settlements on Friday showed March 2026 at 64.49 cents per pound (up 0.25 cent), cash cotton at 62.24 cents (up 0.25 cent), May 2026 at 65.78 cents (up 0.29 cent), July 2026 at 66.95 cents (up 0.37 cent), October 2026 at 67.56 cents (up 0.54 cent) and December 2026 at 68.24 cents (up 0.43 cent).
ALCHEMPro News Desk (KUL)
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