Cotton Prices Boosted by Markets’ Rebound
Source: emergingtextiles Date: 2007-08-29
Cotton prices stopped falling in the last week thanks to a general rebound in financial and commodity markets. Although US exports sales are currently increasing, early arrival of the new crop in China may rapidly depress international demand and prices. Funds are also remaining on the sidelines in New York, reflecting some global skepticism after the recent volatility in cotton prices.
