Since the outbreak of the war in Ukraine, cotton spot prices have traded in a narrow band of about $1.20 per pound. In contrast, futures prices, particularly for May and December contracts, actually fell. As of Friday, March 3, both stood at $1.16 and $1.01, respectively – and both were trending about 10% higher at the end of January.
The takeaway is that cotton has not soared like other commodities. So, what are the implications? Will these prices stay put, accelerate, or do an about-face?
In a recent article in Sourcing Journal, textile industry expert Bob Antoshak tries to answer those questions by examining the multiple forces that are influencing cotton prices today.
Click here to read the entire article.