Cotton Prices Sharply Falling Amid Strong Volatility
Cotton prices were subject to a very strong volatility in the last week in New York, finally falling to much lower levels. The U.S. market was negatively affected by a decline in commodity markets, triggering a fall in physical prices. Demand from spinners is still extremely low amid large cotton stocks on the…
Egytex News Desk
Egytex
Cotton prices were subject to a very strong volatility in the last week in New York, finally falling to much lower levels. The U.S. market was negatively affected by a decline in commodity markets, triggering a fall in physical prices. Demand from spinners is still extremely low amid large cotton stocks on the international market. Prices recovered on Indian market, while remaining very stable in Pakistan and China.
Source: EmergingTextiles.com
From the Egytex news archive, first published on 21 April 2008. Figures and names are as reported at the time.
