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Cotton prices may fall
The International Cotton Advisotry Committee (ICAC) Secretariat forecasts that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.
EU closer to textile accord with Uzbek
The European Parliament is poised to approve a textile agreement with Uzbekistan, which is expected to lead to an increase in textiles imports from the country, despite ongoing concerns about the use of forced labour in cotton harvest.
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