Related Keywords: apparel, China policy, cotton fiber, cotton price, spot cotton prices, U.S. Department of Agriculture, US average spot price, yarn and garment producer
On the outlook that China will start releasing its huge reserves of cotton fiber, and on forecasts of weakening demand for apparel in key markets around the world, there is have been a drop in spot cotton prices since the beginning of July.
The seven-market U.S. average spot price has declined by almost $0.06 in the first two weeks of July, 7 percent below its price at the end of June and $0.17 (20 percent) below the recent high it reached in early May.
