Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 20, 2013 08:35:28

Cotton is now a record high

ColosseumPrice of cotton yesterday in New York to get to 9-month high. Behind it, as in the case of growth of many other commodities, China again. China is now the demand is very strong. The Asian superpower has long been the largest consumer of cotton in the world. At 7 February sales were U.S. exporters to China at 2,180,000 bales of cotton. This is 14% more than in the same period a year earlier. Compared to last June, when cotton was lowest in more than two years, its current price is 30% higher. May cotton futures yesterday on ICE Futures U.S. strengthened by 1.1% to 84.13 cents per pound weight.

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