Cotton Rises to 4-Week High as Demand May Improve for Cheap U.S. Supplies

(Bloomberg) -- Cotton rose to a four-week high in
New York on speculation that the high cost of the fiber in
India, the world's third-largest producer and exporter, will
increase demand for cheaper U.S. supplies.

The cost of cotton in India was about 17 percent higher
than supplies on the New York Board of Trade. U.S. cotton
futures reached a 23-month low on May 14, helping to spur a 22
percent jump in exports of the fiber during the past week.


Read more at Bloomberg Commodities News