Cotlook A index expected to drop by 6.18% by June: TexPro :

Cotlook A index expected to drop by 6.18% by June: TexPro


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The Cotlook A index is expected to decline by 6.18 per cent in June 2021 to 85.12 cents per pound from 90.73 cents per pound in April 2021. It was 87.24 cents per pound in January 2021 and showed a sudden rise of 6.33 per cent in February 2021 to reach 92.76 cents per pound. It again declined by 2.19 per cent in March and April 2021, according to TexPro.
The index is expected to decline in the short term due to the uncertainty surrounding the US exports to China. The political tension between the two countries may also lead to the Phase One Deal being abandoned.

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