Cotlook Monthly

International cotton prices as measured by the Cotlook A Index continued to decline overall during April, falling into the low 90s US cents per lb towards the end of the month, before an encouraging US export report stimulated a sharp upward move on the last day of the period in view. In general, cotton prices seemed to come under the influence of the worsening macro-economic picture. The International Monetary Fund’s April forecast for global economic growth this year was downgraded..…….read full article.