Commodity Blog |
| Cotton Extends Drop as Underproduction May Turn Overpriced Posted: 21 Mar 2013 11:48 AM PDT Cotton, which is in a rally since November 2012, resumed its decline from a yearly maximum reached on March 15. The main idea behind the rally was an increasing global demand combined with farmers’ reluctance to sow cotton. It turns out, those factors are not enough to fuel further price growth. China, which is a the largest cotton producer, is expected to increase demand leading to possible global [...] |
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