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Cotton Prices Could Reach 80 Cents in New York

Cotton Prices Could Reach 80 Cents in New York

Write: Fola [2011-05-20]

21 December 2009 - Cotton prices continued last week rising on the international market, as merchants and spinners were anticipating higher prices in the first half next year. The nearby contract in New York could reach 80 cents before the end of January. In the meantime, larger cotton arrivals are limiting any new rise in prices in India and Pakistan.