Cotton rose the most in two weeks, snapping the longest slump since April, on signs the decline spurred demand in China, the worldΆs top consumer.

In the week ended Sept. 15, purchases from overseas buyers resulted in U.S. net cotton exports of 65,900 bales, including 15,400 to China, the U.S. Department of Agriculture said yesterday. The U.S. is the worldΆs largest shipper. The commodity still declined 8.4 percent this week and has plunged 54 percent since reaching a record $2.197 a pound on March 7.

“ThereΆs been actual physical demand,” Chris Kramedjian, a senior risk-management consultant at INTL FCStone in Nashville, Tennessee, said in a telephone interview. “We are getting to a price that works for spinning mills. There is talk of buying from China and other Asian markets.”

Cotton futures for December delivery rose 1.95 cents, or 2 percent, to settle at $1.0124 at 2:40 p.m. on ICE Futures U.S. in New York. ThatΆs the biggest gain since Sept. 8.