04.02.2015 - China to lead drop in world cotton output in 2015-16
The International Cotton Advisory Committee underlined downbeat expectations for cotton prices as it said that low values were behind a forecast for lower world production next year – with China's output to hit a 12-year low. The intergovernmental group warned that "low prices are expected to persist" for the rest of the 2014-15 – as it cut its forecast for the season-average value, as measured by the Cotlook A index, by 4 cents to 68 cents a pound. The Cotlook A, which on Monday fell 0.25 cents to 67.05 cents a pound, typically trades at a premium to futures...............................................Full Article: Source
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