ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Cotton market unravels amid US-China tariff battle

New York futures touch lows not seen in nearly three years

The impact of the weakening cotton market is spreading outside the U.S. and China.    © Reuters

TOKYO -- Global cotton prices have plunged, hit by the effects of the U.S.-China trade conflict along with swelling American production.

Cotton futures on the New York market dropped to around 65 cents per pound on May 13, touching the lowest level since August 2016. Prices of raw cotton -- the material for cotton fabric -- had been rising from February to early April, based on optimism that U.S.-China relations would improve. But the prices have since fallen off by 17%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more