Ignoring fundamentals, cotton prices rush as high level of ‘on-call sales’
Cotton prices in the international market have increased to almost a 11-year high on the Intercontinental Exchange (ICE), but shareholders in the industry say the raise in natural fibre prices ignores fundamentals. According to the U.S. Department of Agriculture (USDA), global production is likely to be higher from earlier impressions this season to June, while…