Cotton price keeps falling

摘要

The current global economic crisis is expected to dampen demand for cotton and drag price down to the same level as the 2007-09 average, thus driving growers to reduce cotton area.rnCotton price continued to decline in October, as the globalisation of the US financial crisis increased pessimism over world cotton mill use. According to Cotton Incorporated, every revision of the consumption estimates that the US Department of Agriculture made in anticipation of declines in demand stemming from the global economic slowdown was negative.