Cotton

Cotton is very essential fabric product used throughout the world. It is cultivated in America, Africa, India and in several countries of the world. Because it is broadly used fabric products it offers hedge against price rises. The price of cotton depends on different factors that are as following:

  • Universal stores
  • Administration rules
  • Universal requirement
  • Seasons
  • Lubricant costs
  • The U.S dollars

Cotton futures are merchandised on New York Mercantile Exchange (NYMEX). Its symbol is TT. Its contract size is of 50,000 pounds. Cotton is a good product for investment and for earning profit.