ICE cotton futures fall 1.5 percent after rains in West Texas

June 4 (Reuters) - ICE cotton futures fell 1.5 percent on Monday, as weather concerns in West Texas abated following rains in the major producing region of the natural fiber in United States.

* The most active ICE cotton contract for December expiry

settled down 1.42 cent, or 1.54 percent, at 90.94 cents per lb. It traded within a range of 90.76 and 93.55 cents a lb.

* The December contract fell for the first time in eight sessions and also marked its biggest one-day percentage loss in six weeks.

* "The Southeast (region) is drying out and we have renewed planting," said Keith Brown, principal at cotton brokers Keith Brown and Co in Moultrie, Georgia.

* "Last night, West Texas got some rain. There was a pretty broad front that came out of Arizona, New Mexico and came across Texas. Several of the farms got rain... I think the drought (in Texas) is probably dialed in."

* The December contract has jumped nearly 14 percent since mid-May, touching an all-time high of 93.73 cents a lb last week, supported by concerns of drought like conditions in West Texas.

* "Right now the market is negative on some very light rains in West Texas and the overall trade disagreements between the U.S. and China," said Jack Scoville, vice president with Price Futures Group in Chicago.

* Meanwhile, China is set to boost its imports of cotton by issuing additional import quotas to mills, said the China Cotton Association on Monday, a move seen by the market as another step towards meeting the demands of top exporter the United States.

* "The quota would be fine, maybe, although China has imported more than that in the past. Still, it is a commitment. However, the overall tenor of the talks throws anything into question. The U.S. ramped up demands and tariff threats and the world is taking a dim view of these things, China included. So, a long way to go yet," Scoville said.

* Total futures market volume fell by 8,440 to 49,096 lots. Data showed total open interest gained 4,304 to 322,153 contracts in the previous session

* Certificated cotton stocks <CERT-COT-STX> deliverable as of June 1 totaled 76,983 480-lb bales, up from 76,385 in the previous session.

(Reporting by Vijaykumar Vedala in Bengaluru; Editing by Sandra Maler)