Related Keywords: Alabama, cotton farmer, cotton in reserves, Cotton market, cotton price dropping, cotton production, mother nature, supply and demand trend
Cotton farmers although favoured by Mother Nature, but it is not the same for the cotton market with cotton price dropping more than 20 percent just in the past few months. The price was around 85 cents per pound before Memorial Day. It's now as low as 64 cents.
Cotton is growing well across the country, which means supply is up, but a major buyer, China, has a lot of cotton in reserves, so demand is down. The reason of drop in cotton price is due to both supply and demand trend.
