Textile
| ICE cotton hits 3-week low amid crude oil weakness, market sell-off
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Insights
- ICE cotton dropped nearly * per cent on Tuesday due to lower crude oil prices and reduced threats to the US cotton crop.
- Weak global and Chinese markets further pressured cotton futures.
- Crude oil's decline, driven by potential ceasefire talks in the Middle East, impacted cotton prices.
- However, ICE cotton saw a slight recovery in early Wednesday trading.