Cotton Demand Rise since 37 years, Price Future Delivery Rose

Cotton demand rise, limiting the largest annual profit since 1973, as inventories fall, bad weather damaged global crops and soaring demand in China, the world's largest user.

Cotton futures for March delivery rose 1.97 cents, or 1.4 percent, to settle at $ 1.4481 at 2:36 at ICE in New York. Earlier, prices rose 4 cents, the exchange limit. Prices will remain strong because the supply situation will not improve in the near future.

Prices of cotton jumped 92 percent in 2010, touching a record $ 1.5912 on December 21. fiber is the best player among the 19 commodities tracked by Thomson Reuters CRB / Jefferies Index. The index has risen 17 percent this year.

Stocks that are monitored by ICE Futures U.S. fell 72 percent in 2010, the biggest annual decline since at least 2003, when data begins. Floods in Australia and Pakistan and hail in Texas, largest state in the U.S. produce, crops damaged. Chinese imports will jump 56 percent this year, according to data from the U.S. Department of Agriculture.