Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 04, 2013 10:08:28

Cotton is still quite high

ColosseumConcerns about the lack of interest of the American cotton farmers were behind the increase in the cost appreciably in the past week. This year, for example, farmers could be fitted in Texas cotton by up to 25% fewer acres than a year earlier. Throughout the United States, would, according to a government report of 22 February, planting cotton could decrease by 19%. The reason for this is to redirect the interest of current cotton farmers to more lucrative crops. Specifically, in the present, are more attractive than cotton such as grains and oilseeds. This occurs despite the fact that demand for U.S. cotton is stable. Most draw this commodity China and Vietnam. However, despite some reduction in production still remain and this year the U.S. will remain the largest exporter of cotton in the world. May cotton futures on ICE Futures U.S. stock market on Friday closed at 85.40 cents per pound weight.

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