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Cotton piling up in warehouses around the world

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There is enough cotton warehouses standing in the world for more than 127 billion t-shirts, or 17 for every person on the planet. This is bad news for investors who bet that prices will rise.

Global stocks at the end of this season will be slightly less than last year's record, according to United States Department of Agriculture

Hedge funds raised their bullish bets cotton to the highest in more than a year, but faced the first weekly decline in prices since the beginning of November.

China, the largest consumer in the world, has reduced imports of cotton by more than 30 percent, helping to shrink global trade for the fourth consecutive year

Prices are likely to continue to decrease over the next few months, hope for the rise may come if China's economy showed signs of stability.

E.Dimitrov JrTrader


 Varchev Traders

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