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Will Cotton price rise again?

The global cotton price has recently peaked at 101.7 cents per pound on 13 June. Potential remains for cotton price to make another run higher during the next couple of months. After the speculative impact in China started to wain, the A-Index price started to weaken.

Why are cotton prices displayed in trading economics?

Cotton is the world’s most widely used natural fiber for clothing. Cotton prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our cotton market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions.

How good is the growth rate of cotton?

World and U.S. cotton prices decline slightly. Global mill use projected at 115.5 M bales. Rebound after two consecutive declines—slightly above 5-year average. Growth rate (4.4%) well above long-term average. Factors supporting 4.4% growth rate. Positive GDP growth estimates—2.9% CY 2023 and 3.1% CY 2024.

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