US-China tariff truce, oil rally lift ICE cotton

ICE cotton futures rose slightly on Monday after a sharp intraday rally, supported by easing US-China trade tensions and higher crude oil prices, which boosted polyester fibre costs.
However, weak global consumption projections limited gains.
USDA raised the 2025-26 harvested area and production estimates, adding supply pressure.
Brazil’s cotton exports fell 16 per cent YoY in early May.Read More