NEW YORK: The US Agriculture Department set the prevailing world market price for upland cotton at 67.77 cents per lb, effective from 12:01 a.m. Eastern Time, May 28 through midnight Eastern Time, Thursday, June 3.

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,

June 3 at 4 p.m. Eastern Time.