“Fresh export deals are almost negligible because demand is weak and fresh supplies are increasing every week. Cotton prices may fall further this week,” Manu Mangaldas Shah, a trader, said in the Reuters article.

Meanwhile, China, the world’s top cotton consumer, imported 3.37 million tons of cotton in the first 10 months of the year, a 21.7% decline for the same period year-over-year.

iPath Dow Jones-AIG Cotton Total Return Sub-Index ETN

For more information on cotton, visit our cotton category.

Max Chen contributed to this article.