Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 28, 2013 13:45:33

Rally on cotton possibly ended



ColosseumOn Friday, the price of cotton futures fell for the first time after seven consecutive days of growth. Rotate good government followed a trend started by the report, which pointed to slowing exports of cotton from the U.S., which is its largest exporter. In the week ending 17th January dropped from U.S. cotton exports by as much as 37% to 213,700 bales. Previous growth rally, when the price of cotton during the seven days increased by 9.8%, was mainly due to expectations of higher demand from China. The March cotton on Friday ICE Futures U.S. declined by 2.9% to 80.52 cents per pound weight.

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