Cotton prices surged Friday, with the CFTC-compliant cotton futures contract (CT=F) climbing 3.2% to $1.18 per pound, driven by growing concerns over global supply constraints and strengthening export demand. The rally coincided with broader commodity sector momentum.
- CT=F rose 3.2% to $1.1812 per pound on Friday
- Global supply concerns intensified due to weather disruptions in India and Pakistan
- Export demand from China and Bangladesh remained robust, supporting prices
- The VIX index edged up to 16.8, indicating elevated market volatility
- Crude oil futures (CL=F) climbed 1.4%, suggesting broader risk-on sentiment
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