Cotton Prices Surging to 4-Year High
Cotton prices further surged in the last two days on the international market. New York prices rose to a 4-1/4-year high. With this sharp increase being transmitted to physical markets, the "A Index" broke the 80-cent symbolic level, as reflected by our price tables. Demand is falling, as spinners are unable raising…
Egytex News Desk
Egytex
Cotton prices further surged in the last two days on the international market. New York prices rose to a 4-1/4-year high. With this sharp increase being transmitted to physical markets, the "A Index" broke the 80-cent symbolic level, as reflected by our price tables. Demand is falling, as spinners are unable raising their yarn prices accordingly.
Source: emergingtextiles.com
From the Egytex news archive, first published on 11 March 2008. Figures and names are as reported at the time.
