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ICE cotton slips from six-week high on tariff concerns
ICE cotton futures declined after reaching a six-week high, pressured by market uncertainty following new US tariffs. While a weaker US dollar and reduced US planting outlook supported prices, analysts say the tariff move may hinder exports. USDA forecasts a 12 per cent drop in 2025 US cotton acreage. Cotton demand, lower acreage, and stable stocks continue to offer market support.
ICE cotton futures declined after reaching a six-week high, pressured by market uncertainty following new US tariffs.
While a weaker US dollar and reduced US planting outlook supported prices, analysts say the tariff move may hinder exports.
USDA forecasts a 12 per cent drop in 2025 US cotton acreage.
Cotton demand, lower acreage, and stable stocks continue to offer market support.
