Cotton futures on the Intercontinental Exchange (ICE) rebounded as traders engaged in bargain buying after last week’s sharp decline.
Improving broader market sentiment and dip-buying supported prices despite Middle East tensions.
However, analysts caution the rebound may be temporary amid oversupply concerns and weak global demand outlook.
Improving broader market sentiment and dip-buying supported prices despite Middle East tensions.
However, analysts caution the rebound may be temporary amid oversupply concerns and weak global demand outlook.