NEW YORK: The US Agriculture Department set the prevailing world market price for upland cotton at 114.62 cents per lb, effective from 12:01 a.m. Eastern Time on Friday, Feb. 18 through Midnight Eastern Time on Thursday, Feb. 24.

The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announcement will be on Thursday, Feb. 24 at 4 p.m. Eastern Time.