Cotton Rises to Two-Month High on Economy; Orange Juice Declines
Cotton futures jumped to a two month-high on speculation that better-than-expected economic data in China, the U.S. and Germany signals higher demand for raw materials. Orange juice dropped.
Global equities rallied after gross domestic product in China, the world’s second-largest economy, grew 8.9 percent in the fourth quarter, above the median in a Bloomberg News survey. A U.S. Federal Reserve report showed manufacturing in the New York region increased at the fastest pace in nine months, and German investor confidence rose by a record. To read the rest of the story click here.
Entry filed under: Agriculture, Business, Cotton, Economy, Farming, Flax, Organic Cotton, Sustainability, Textiles. Tags: Bloomberg, Cotton, Crailar, Flax, Flax Fibre, Naturally Advanced Technologies Inc., U.S. Federal Reserve.