Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Cotton Falls to Two-Week Low as Demand Ebbs; Orange Juice Drops

Cotton futures fell to a two-week low on speculation that demand will shrink because of a faltering global economy. Orange juice also declined.

Morgan Stanley advised investors to sell European stocks as politicians respond “inadequately” to the fiscal crisis and growth weakens. Italian Prime Minister Silvio Berlusconi’s majority is unraveling after contagion from Europe’s debt crisis pushed the country’s borrowing costs to euro-era records. Last week, the dollar jumped 2.5 percent against a basket of major currencies.

“There’s a continued lack of demand and a stronger dollar” eroding the appeal of raw materials, Andy Ryan, a senior risk-management consultant at INTL FCStone Inc. in Nashville, Tennessee, said in a telephone interview. “Mills and garment makers are running inventories down rather than buying, because they don’t want to get caught with excess inventory.”

Cotton for December delivery fell 2 percent to settle at 96.76 cents a pound at 2:46 p.m. on ICE Futures U.S. in New York. Earlier, the price touched 96.51 cents, the lowest for a most-active contract since Oct. 21. The fiber has tumbled 56 percent from a record $2.197 a pound on March 7.

Output from India, the world’s second-biggest producer, may climb to 6 million metric tons in the year ending July 31 from 5.5 million a year earlier, Terry Townsend, the executive director of the International Cotton Advisory Committee, said in Mumbai. Exports may rise to 1.4 million tons from 1.1 million tons, he said.

China is the largest producer, and the U.S. is the leading exporter.

Orange-juice futures for January delivery fell 0.3 percent to $1.7315 a pound in New York, ending a four-session rally. The commodity climbed 2 percent last week.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.