Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 15, 2013 09:37:28

Higher export price of cotton sent to the maximum ten-



ColosseumPrice increase to the level of ten-highs recorded in yesterday's session at the exchange ICE Futures U.S. The most active futures contract for cotton, which reacted to increasing its exports from the U.S. According to the U.S. Department of Agriculture increased export of cotton from the U.S. in the period from 1 August to 7 March compared previous year by 21% to a total of 6.77 million bales. At the same time, therefore the price of cotton has both stable export and reports a 27% lower acreage for cotton growing in the United States this year. Since the beginning of cotton has strengthened by 21%, the highest among 24 commodities Standardandamp; Poor's GSCI index. Cotton futures for the May delivery date strengthened in yesterday's session at the exchange ICE Futures U.S. by 2.5% to the closing price of 90.86 cents per pound weight. During the day, the price rose to 91.17 cents, the highest since April 30 last year.

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Vyšší export poslal cenu bavlny na desetiměsíční maximum

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