The decrease in production, together with the fall of demand and the paralysis of cotton exports to the United States are some of the factors that motivated the price fall.
American international investment bank, Goldman Sachs has lowered the forecast of the main economies in the Eurozone and anticipates its GDP to plunge by 1.7%.
The current pandemic has led to nationwide lockdowns. For American retailers, the path will be even harder.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.