PakStox Outlook

Cotton futures dropped to a 9-month low of around 100 USd/Lbs. This is the lowest since September last year and down 35% from its 11-year high of $158 in May. World recession fears, Better crop outlook,  USDA reduced world demand projections by 450,000 bales in its June report, and revised its production estimates higher to 121 mill bales. https://tradingeconomics.com/commodity/cotton

Malaysian palm oil futures at lowest level since July 2021 Supply is outpacing demand. Malaysia exports for June fell  Malaysia production expected to increase  Malaysia's palm oil inventories likely climbed to their highest levels in seven months. https://tradingeconomics.com/commodity/palm-oil