Cotton prices reach two-year high

Cotton futures prices have surpassed levels not seen in over two years, due to traders' concerns about the worsening crop conditions in the United States, one of the world's largest producers and exporters. Prices have been impacted by drought conditions, high temperatures in Texas, and forecasts of decreased rainfall, leading to the lowest percentage of premium-grade crops since October 2024. Cotton prices have risen by 37% year-to-date, with continued demand supported by the U.S. war against Iran and rising oil prices, which have boosted demand for natural fibers at the expense of polyester.

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