BALB - Cotton - The Fluffy Fiber Continues To Work Its Way Higher

In late 2008, the price of cotton futures fell to the lowest price since 2002 when they found a bottom at 36.70 cents per pound. Before 2010, the all-time peak in the cotton market was at $1.1720 in 1995. In 2010, the cotton futures market on the Intercontinental Exchange below through the record high like a hot knife goes through butter. The price continued to rise and made its way to $2.27 per pound in March 2011. The cotton market moved to a level where Asian garment manufacturers began using synthetic fibers.

As demand dried

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