While China exports extremely little compared to other exporters, its demand role is huge. China's stocks also underline the country's significance. These again are approaching half of world stocks. The United States is a large consumer of cotton. Use has trended higher due to consumers' favor for cotton clothing.
Textiles have a thin profit margin.
It's made worse by competition from man-made fibers, such as polyester and rayon which are far cheaper than cotton. The frozen concentrate orange juice futures at the NYCE have the second slimmest volumes of the softs. The 15,000 pounds of orange solids specified by the contracts can come in drums or tanks, at the sellers option. The United States and Brazil outpace all others in orange juice production. The orange crop is another commodity more susceptible to weather than most.