Prices for cotton are rising rapidly due to the war in Iran and the raw material shortage.

The global cotton market is showing significant price growth amid the military conflict in Iran and rising oil prices. These changes have led investors to return to "bullish" sentiments in the market, reflecting growing confidence in further increases in the value of cotton. This is reported by AgroReview. Impact of the conflict in Iran and rising oil prices Leading industry experts emphasize that the increase in the price of synthetic fibers, such as polyester and nylon, which are produced from petroleum products, has become one of the main factors in the rise in cotton prices. According to the U.S. Commodity Futures Trading Commission, investors have for the first time in a long period moved to net long positions: the number of cotton purchase contracts exceeded sales by 16,825 units. This indicates a significant reversal of market trends after a year of prevailing "bearish" expectations. "Experts explain this by the rising prices of synthetic fibers, in particular polyester and ...