7 Apr | What is Currently Causing Cotton Prices to Fall?
Interview with Axel Trede, board member of the Bremen Cotton Exchange and Managing Director (…)Read more
Market Continues Decrease
Reporting Period 19 March – 01 April 2020
The New York cotton futures have registered a further loss in values in the shade of the COVID-19 pandemic and are in danger of dropping below the 50 ct/lb mark. This downward trend was coherent to the development of the stock markets. COVID-19 has been keeping the world incessantly on its toes, and the inevitable containment measures have had permanent influence on the economy. The generally declined demand has also stemmed the demand of cotton. The European market faced another decisive factor: The US dollar has gained strength during the reporting period. In general, there was much uncertainty, not only referring to the duration of the measures and the period after, but also regarding the question, what is going to happen with already closed contracts.
Bremen, April 01, 2020