Baku 20° C
Cotton price on world market reaches 10-year high
Business
- 04 October, 2021
- 12:30
The price of cotton in the world market has exceeded USD 1 a pound or 455 grams for the first time in 10 years, Report mentions, referring to foreign media.
The figure jumped 8.8% to USD 1.07, the highest price dynamics among other products sold on commodity exchanges.
The growth was caused by supply chain disruptions, energy supply problems, and declining commodity stocks. Analysts believe that the rise in cotton prices will also increase the cost of textiles.
Author
Latest News
16:30
More than 100 investigators take part in Louvre theft case — prosecutor
Other countries16:12
Ruling party comments on PKK's decision to completely leave Türkiye
Region15:53
Pallister's 800m free leads world record rush at Toronto World Cup
Individual sports15:35
2 missing after bulk carrier sinks in south China
Other countries15:11
Trump wants to transform the US Navy into ‘Golden Fleet' — WSJ
Other countries14:49
Two men arrested after Louvre jewel heist
Other14:28
1 dead, 6 injured in shooting during homecoming at Lincoln University in Pennsylvania
Other countries14:07
Russian Railways to organize transit of goods from Russia to Armenia via Azerbaijan
Region13:48
Photo