Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 13, 2012 10:39:33

Cotton fell the most in seven weeks



ColosseumThe biggest decline in price over the last seven weeks, the cotton market after the U.S. Department of Agriculture on Friday increased its prediction of the amount in the current crop season. In it would be to harvest 17.65 million bales of cotton, which is 3.8 percent more than projected by the Ministry in July. In addition, harvest will be about thirteen percent higher than in the previous season, when the troubled region of Texas drought. Most actively traded contract of December cotton to be delivered in December fell by 3.9 percent to close at 73.02 cents per pound. It was the biggest drop in price from 21 June. and # 160;

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