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

Cotton prices hit 11-year high on possible India export ban

Drought in U.S. threatens yields even as demand recovers

A slump in cotton production has spurred top exporter India to suspend import duties and consider an export ban.   © Reuters

TOKYO -- Cotton prices have soared to their highest levels since May 2011 as concerns grow over a possible export ban by top exporter India and a severe drought hitting U.S. yields.

A rally in cotton futures accelerated in New York from late April, with benchmark front-month contract prices climbing to 155.95 cents per pound at one point this month, up roughly 10% from a month earlier and roughly 30% from the end of 2021.

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