Supply chain bottlenecks, exploding transportation cost, covid closures...
And what is the real cause according to you?
And what is the real cause according to you?
Here's news from NYT dated Jan 13 2021. So the debate must have gone many months long before that date, ie. in 2020...:When did the ban have started?
Yes, that too, but IMO the US sanctions had the biggest impact.Supply chain bottlenecks, exploding transportation cost, covid closures...
It did not rise 100%. Long term average is around 80 cents a pound. It now trades at a dollar. What are you looking at to get this wrong?
In fact the Oct 2023 trades at around 80 cents right now hinting that the current elevation is gonna be short lived. Take a position if you have such strong conviction.
Here's news from NYT dated Jan 13 2021. So the debate must have gone many months long before that date, ie. in 2020...:
"
U.S. Bans All Cotton and Tomatoes From Xinjiang Region of China
By Ana Swanson, Published Jan. 13, 2021, Updated Jan. 19, 2021
The sweeping ban, which was based on concerns about forced labor in the region, could compel companies to reorganize their multinational supply chains.
...
"
And this is by WaPo:
"
U.S. ban on China’s Xinjiang cotton fractures fashion industry supply chains
By Eva Dou, Jeanne Whalen and Alicia Chen, February 22, 2021 at 5:00 a.m. EST
....
"