As per reports, International Cotton prices jumped to over 80 cents/lb in the second half of July 2016 from an average price of 70 cents/lb for the rest of the season. Significantly lower crops in the five largest producing countries and higher than expected demand led to tighter stocks at the end of 2015/16, at this time world ending stocks were estimated to have fallen by 12%.
Information source: www.skymetweather.com
