Interviews
Cotton prices ease as market perceptions change
17 Sep '08
1 min read
Weakening of demand has depressed prices from the levels seen in early spring. As of September 11, the A-Index is nearly 20 percent below the peak reached in April.
The global economic situation is not expected to recover as quickly as projected earlier this year. Recent macroeconomic forecasts now indicate that both United States and global GDP growth in 2009 will slow.
In response cotton consumption has stagnated, resulting in a decline in projected import demand. In China, the carry over supply has increased and a more bearish market has reduced imports ahead of the harvest of the 2008 crop.
The lower global demand coupled with declines in the relative prices of competing commodities has reduced concerns about supply availability in the near term; however, global stocks are still forecast to decline significantly by the end of the 2008/09 marketing year.
Click here to view details:
The global economic situation is not expected to recover as quickly as projected earlier this year. Recent macroeconomic forecasts now indicate that both United States and global GDP growth in 2009 will slow.
In response cotton consumption has stagnated, resulting in a decline in projected import demand. In China, the carry over supply has increased and a more bearish market has reduced imports ahead of the harvest of the 2008 crop.
The lower global demand coupled with declines in the relative prices of competing commodities has reduced concerns about supply availability in the near term; however, global stocks are still forecast to decline significantly by the end of the 2008/09 marketing year.
Click here to view details:
Cotton Council International / USDA Foreign Agricultural Service
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