Commodities
Cotton Demand From US Textile Mills Drops to Lowest Since 1885
- US mills to process 1.74 million cotton bales this year: USDA
- Forecast shows mill use falling nearly 15% from last year
A cotton harvest at a farm in Bronwood, Georgia.
Photographer: Dustin Chambers/BloombergThis article is for subscribers only.
American mills are on track to process the least cotton this year since ’85.
The year 1885, that is. The same year the Statue of Liberty arrived in New York City’s harbor.