Cotton prices soar as stocks continue slide in 2009/10
13 Mar '10
4 min read
World ending cotton stocks in 2009/10 are estimated at 51.4 million bales, down 18 percent from a year earlier. This is the third consecutive annual decline in world stocks, and the largest year-to-year decline both in terms of size and percent seen in over a decade. Tightening global stocks have resulted in rising cotton prices.
The Cotlook Far East A-index in 2009/10 is currently projected at 78 cents per pound, up 28 percent from a year ago. Rising global cotton consumption and declining production in recent years have squeezed stocks and propelled cotton prices.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
