Cotton prices down 29%

Washington — With world cotton production booming, far outpacing demand, international cotton prices continued to deteriorate in June to new season lows, and the Cotlook A Index, a measure of international prices, dropped beneath 47 cents a pound, the International Cotton Advisory Committee (ICAC) reported.

At the low level, cotton prices are now 19 cents, or 29 percent lower than in December, when the Cotlook A index reached 66 cents per pound.

Driving the price erosion, world production is expected to increase by 6 percent, to 20.2 million tons next season, exceeding world consumption by about 300,000 tons.

"With supply anticipated to exceed demand in 2001/2002 and in 2002/03, prices are likely to remain depressed," said ICAC.

Supply/demand forecasts, said ICAC, suggest an average price of 54 cents for this cotton season, three cents beneath original projections.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!