![Concerns about a downturn in China caused cotton to decline](https://market-tracker.in/wp-content/uploads/2023/08/cotton-plant-information.jpg)
Concerns about a downturn in China caused cotton to decline
Yesterday, cotton candy declined -0.54% to close at 59380 as concerns about the economy of the natural fiber’s largest consumer, China, cast a shadow over expectations for demand. The next season (October 2023–September 2024) will likely see a 3% reduction in global cotton production, but consumption may remain unchanged, and ending inventories may be lower….