May 17, 2012 (Dow Jones Commodities News via Comtex) --

2:50 (Dow Jones) Cotton futures ticked down at the end of the session to settle at a fresh low from July 2010 as big supplies, fewer export possibilities and a stronger dollar weigh on the market. A Chinese official announced Thursday that the country would import less cotton going forward, a blow to the export markets in countries such as the U.S. and India that rely on China's appetite for the fiber to support international prices. ICE cotton for July delivery settled 0.4% lower at 76.65c/lb.