China And Vietnam Cancelled Orders &Nbsp, Prompting Us Cotton Prices To Fall.
According to Vietnam website May 21st, the United States
Ministry of Agriculture
Revealed that China and Vietnam and other countries cancelled
Order
Make the United States
Cotton price
Down.
The US Department of Agriculture said that in from May 16th to 20th, the world's largest cotton importer? China cancelled orders for importing 44 thousand cotton products from the United States. Vietnam and Bangladesh also cancelled orders for 4400 and 2200 cotton imports from the United States. The total amount of US cotton delivered in July has been abolished by 30 thousand and 500 export orders.
Affected by this, cotton prices in the United States dropped, closing prices in May 19th were 1.5565 U.S. dollars / pound, down 2.6%.
Cotton prices have dropped by 29% since reaching a record $2.197 / pound in March 7, 2011.
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