You are here: Home » Markets » Commodities » Other Commodities
Business Standard

Cotton records longest slump in six months

The commodity hits longest slump in six months, on mounting speculation that global supplies will outpace demand

Bloomberg 

Cotton futures fell, capping the longest slump in six months, on mounting speculation that global supplies will outpace demand. Sugar and cocoa slid, while coffee and orange juice gained. Cotlook Ltd., a research company, boosted its forecast today for a global surplus in the 12 months starting August 1 by 51 per cent. US planting this year may total 11 million acres, 10 per cent more than a February 22 government forecast, Jordan Lea, the chairman of Eastern Trading Co, an exporter in Greenville, South Carolina, said last week. US "acres will likely be above 10 million, possibly ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, March 26 2013. 22:32 IST
RECOMMENDED FOR YOU