The Traderszone Network

Published in TZ Latest News 25 July, 2014 by The TZ Newswire Staff

Cotton Plunges As Demand Becomes Frayed

Cotton extended the longest slump in more than five decades on mounting signs that global demand will trail output, increasing the chance of lower costs for companies, including the maker of Hanes underwear. On ICE Futures U.S. in New York, the price of the fiber tumbled 3.5% this week, the 12th straight drop and the longest decline since July 1959, when Bloomberg data start.

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