Baku 17° 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
23:59
Photo
Azerbaijan's team advance to European minifootball final in Slovakia
Football23:54
Photo
Türkiye, Turkmenistan to expand cooperation to reach $5 billion trade target
Region23:26
Kyrgyzstan elected UN Security Council member for first time
Other countries23:13
Azerbaijan advancing preparations to implement Kigali Amendment
Foreign policy22:42
Rubio: Trump to attend NATO summit in Ankara
Other countries22:37
Rubio: TRIPP to create significant opportunities for Azerbaijan, Armenia
Foreign policy22:31
Shoygu: Armenia's EU integration means severing ties with Russia
Region22:25
Russian shelling kills at least three in Ukraine's Kramatorsk
Other countries22:13
Photo