Latest Breaking News On - New york cotton exchange - Page 5 : comparemela.com

5/10/2021 11:07:53 AM GMT Cotton is one of the soft commodities, along with sugar, coffee, orange juice, and cocoa. In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has obtained dominance in textile manufacturing during the British industrial revolution in the 18th century. It was so critical that at times of Civil War in North America the Confederate bonds sold in Europe were backed by cotton. Today, the largest producers and, at the same time, the largest consumers of cotton are China and India. One can trade Cotton futures at ICE owned New York Board of Trade in contracts of 50’000 pounds each under the ticker CT #F. Also, there are similar contracts at CME-owned NYMEX under the ticker TT #F.

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