A short summary from Trading economics,Cotton futures on ICE...

A short summary from Trading economics,


Cotton futures on ICE traded around $1.2 a pound in November, close to high levels not seen since June of 2011 amid tight supplies globally and increasing demand from its top consumer, China. ICE stockpiles in the US, the world’s biggest exporter of cotton, fell by 4% to their lowest value in more than a year as the US harvest is late and slow due to heavy rains. USDA's crop progress report for the week ended November 7th reported 84% of cotton crops harvested, below the 90% harvested in the same period in 2020. Also, India expects lower production this year due to the attack of pink bollworm pests, rains and an overall smaller planting area. The Cotton Association of India expects the country’s exports to fall by 38% in the 2021-22 season, while researcher Cotlook raised its estimate for a global deficit to 207,000-ton from 122,000 tons projected in September. Meanwhile, China released a second batch of cotton from its reserves this year to meet demand.

This puts Nanollose is a good spot for the future
#sustainable.