Cotton Extends Rally to Three-Year High as U.S. Exports to China May Climb

(Bloomberg) -- Cotton in New York rose, extending a
rally to a three-year high, after supplies dwindled in China,
spurring speculation shipments from the U.S. may increase.

The National Development & Reform Commission in China, the
world's biggest cotton consumer, said this week the country will
boost imports of the fiber in the second half as local supplies
dwindle. Cotton futures on the Zhengzhou Commodity Exchange in
China climbed for the fifth week in a row.


Read more at Bloomberg Commodities News