Merchant Outlook The Fallout from Market Volatility Will Last for Years

摘要

More than that of any major cotton-producing country, the well-being of the U.S. cotton market is subject to many factors outside of the industry's control. The only two countries that produce more fiber than the United States (China and India) have avast domestic spinning and textile industry that supports the local producers. In addition, countries that are net exporters of cotton are more susceptible to market volatility and defaults - and the United States is the top exporter in the world. U.S.merchants have been hit harder than most by the lack of contract sanctity.