global cotton market

The global cotton market involves the buying and selling of cotton, a key fiber used in textiles worldwide. It is influenced by factors like weather conditions, farming costs, and international trade. Major producers include countries like India, China, and the United States. Prices fluctuate based on supply and demand; if yields are good and consumption slows, prices may drop. Conversely, poor harvests or high demand can raise prices. The market also interacts with other industries, such as clothing and raw material supply chains, making it vital for economies and industries dependent on textile production.