#Origoemandi #Commodity #Cotton
COTTON PRICES JUMP TO A MULTI-YEAR HIGH, SURGE 65% IN 2021, AND WILL CONTINUE TO NOTCH HIGHER
After breaching a 10-year long silence, cotton prices have given extraordinary returns in 2021 on tight supply and robust pent-up demand post-Coviod-19 the first lockdown, jumps by catastrophic 60%-65% range, and its heat is still on as in January 2021 so far it has popped up by about 5%. Factors influencing the prices in 2021 were excessive rains and delays in harvest. Of late, late arrivals along with strong revival in demand from spinning mills and clothes makers.
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