The initial price limit for cotton futures on the ICE Futures US has been reverted to 3 cents per pound from in light of contracts failing to close above the threshold of 80 cent per pound. As per the contract terms, the initial price limit is 3 cents a pound until price remains at or below 80 cents on closing business. Above 80 cents on closing basis, the initial price limit expands by 1 cent from the next business day.