Cotton Gains on India Yarn-Export Cap; Orange Juice Advances
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Cotton climbed the most allowed by ICE Futures U.S. after India, the world’s second-largest grower, announced yarn-export limits and China’s manufacturing expanded. Orange juice also gained.
India will cap shipments of cotton yarn at 720,000 metric tons in the year started Oct. 1 to bolster domestic supplies, the Textiles Ministry said. China’s manufacturing expanded at the fastest pace in seven months in November, government data show. The fiber has surged 61 percent this year as Chinese demand surged.