Is Cotton a Buy, Sell or Hold?
[mepr-show rules=”99153″ unauth=”message”]Cotton Price
Provider: Cotton
Verdict: Cotton are one of the basic ingredients to produce clothing. Cotton set off one of the biggest bull markets in the aftermath of the pandemic. Adverse weather (constricting supply), a weak dollar, and firm demand drove cotton prices to a ten-year high last year.
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While prices have corrected significantly, they are still above the 2020 lows. A base is being developed at 75-93. The outlook for the commodity is neutral. 27/11/23
Pros
- Demand for cotton remains high
- Supply deficit may appear
- Technical rally
Cons
- Steep decline from 2022 peaks in motion
- Lower economic growth may dent marginal demand
- Fast fashion under the spotlight
- Outlook (3)
Overall
3Cotton Analysis & Guides
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