Cotton is completely breathless. Since the start of the season in October, prices are falling. The catch is that despite the drop in arrivals this season, 19 percent cotton prices are falling.
Cutting costs is halted arrivals of cotton farmers. There is an increased risk of default in many businesses.
Indeed, cotton prices in the international market has fallen 75% from their record levels. In the absence of imports from China of cotton inventory is increasing worldwide, and this year it is expected to cross 10 million bales.
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