Cotton
is completely breathless. Since the start of the season in October,
prices are falling. The catch is that despite the drop in arrivals
this season, 19 percent cotton prices are falling.
Cutting
costs is halted arrivals of cotton farmers. There is an increased
risk of default in many businesses.
Indeed,
cotton prices in the international market has fallen 75% from
their record levels. In the absence of imports from China of cotton
inventory is increasing worldwide, and this year it is expected to
cross 10 million bales.
Seed Newsvine
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