Cotton Market Tends To Be Stable
With the improvement of cotton crisis, experts' analysis of the market will begin to recover slowly.
In March,
Cotton price
Arriving at $2.12 a pound, panic came from farmers to retailers, and those factories that made cotton were also in a predicament because of the fact that high priced stocks could not be sold.
Jeans
Manufacturers are also trying to spread the price to various channels, and some even start looking for it.
Succedaneum
。
The clothing consumption index in November increased by 4.8% over last year, the highest since 1987.
At the meeting last month, Marc Messura, vice president of Cotton Incorporated, said in a speech: "we have already passed the high price period, now the price has declined and the market has stabilized.
Our biggest challenge is to reduce the volatility of the cotton market.
"
The price has now dropped to $86.4 a pound, returning to normal.
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