| 20.03.2012 - Record cotton harvest seen cutting prices for gap: Commodities |
| Record cotton harvests from India to Brazil are poised to exceed demand by the most in more than two decades, driving prices lower for Gap Inc. and Abercrombie & Fitch Co. Farmers will reap 123.6 million 480-pound bales in the 12 months ending in July, exceeding demand by 15 million bales and expanding stockpiles by 32 percent to the second-biggest on record, the U.S. government estimates...............................................Full Article: Source |