Cotton price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Cotton is a major agricultural commodity used extensively in the textile industry.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Cotton is a soft, fluffy staple fibre that grows in a boll around the seeds of cotton plants. It’s one of the world’s most widely used natural fibres in textile production. Cotton is grown in many countries, with major producers including China, India, the United States, and Brazil. It’s primarily used in the textile industry for making clothing, home furnishings, and industrial products. The quality and pricing of cotton can vary based on factors such as fibre length, strength, and purity.
Cotton prices are influenced by a complex set of factors including global supply and demand, weather conditions in major growing regions, and government policies affecting agriculture and trade. The health of the global economy and consumer spending trends, particularly in the fashion industry, significantly impact cotton demand. Other factors affecting cotton prices include competition from synthetic fibres such as polyester, technological advances in cotton production and processing, and changes in inventory levels. Currency exchange rates, particularly the value of the US dollar, can also impact cotton prices as it’s typically priced in dollars on international markets. Additionally, speculative activity in futures markets can contribute to price volatility.
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