Cotton futures gained the most in four weeks on speculation that demand will increase for supplies from the U.S., the world’s biggest exporter. Coffee, cocoa and orange juice climbed, while sugar dropped.
Cotton futures fell on signs that demand is slowing from China, the world’s biggest consumer, after prices posted their biggest weekly rally in 39 years. Orange-juice futures rose to a three-year high.
A doubling of cotton prices since Feb. 1 may mean more expensive clothes, sheets and towels as textile mills including India’s Arvind Ltd. and retailers such as Next Plc pass along higher costs to their customers.