Uptick in global cotton crop will flatten prices
The prevailing high prices for cotton “are expected to encourage farmers to expand the area under cotton by 5 percent, to 30.8 million hectares, in 2017/18,” says the International Cotton Advisory Committee. The upturn in plantings, rippling through to harvest, will mean sharply lower season-average prices, says the intergovernmental body—71 cents a pound, compared with the 79… » Read More
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