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Commodities  |  October 01, 2012 08:35:33

Cotton weakened due to falling demand



ColosseumPrice of cotton went below on Friday, making it the first time was September lossy month since May. At present, it appears that the supply of cotton on the world market exceeds demand. It is mainly due to his weakening demand from China, which is otherwise the largest consumer of cotton in the world. Cotlook Ltd Company. increased its estimate of global cotton surplus this year of 8.1%. December cotton futures closed on Friday, the ICE Futures U.S. by 1.2% below the price of 70.65 cents per pound weight.

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