Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 11, 2010 14:16:28

The sharp increase in cotton prices continues



Colosseum The maximum value of fifteen vzrorstla in Friday's trading session last week's price most active December futures contract for cotton. This became the result of Friday's WASD report in which the U.S. Department of Agriculture (USDA) estimate of the increased global demand for the commodity, said the current marketing year. According to the USDA to increase the global consumption of cotton in the period from 1.8.2010 to 31.7.2011 to total 120.8 million bales, which in comparison with the previous estimate represented an increase of 0.2%. On the contrary, the estimate was reduced global production of cotton, from 117 million to 116.7 million bales. Price of cotton during the day Friday to strengthen the exchange allowed limit of 4 cents, as well as during the day Thursday. Friday's trading session as the December cotton futures closed at 107.17 cents per pound weight.

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