Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 14, 2013 13:45:28

Cotton benefited from a weaker stocks

ColosseumPrice of cotton on Friday in New York climbed to a more than week high after U.S. government report indicated decrease in stocks of cotton in the U.S., as well as the growing demand for this commodity. Cotton crop is expected to reach 17.01 million bales, which is by 1.4% less than expected last December. Unsold stocks should attack the value of 4.8 million bales. This is 11% less than the December projection. March cotton futures on Friday on ICE Futures U.S. closed a growth of 0.6% to 75.62 cents per pound of weight.

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