Plans by China, the world's largest cotton consumer, to restrict its 2015 imports have driven cotton futures to nearly a five-year low.
Benchmark December lost 401 points for the week ended Thursday to close at 61.40 cents, a new contract low finish and the lowest settlement since early October 2009.
December posted a new intraday contract low at 60.83 cents, down 17.07 cents or 21.9 percent from its June 23 high and 23.91 cents or 28.2 percent from its May 8 high.
Cash grower sales fell to 2,375 bales from 10,888 bales the previous week on The Seam. Prices dropped ...