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Raw materials post longest skid since June

Posted on 25 October 2012

The Standard & Poor’s GSCI Spot Index of 24 raw materials fell 0.4 percent to settle at 636.75 at 4 p.m. in New York. The measure dropped for the fourth straight session, the longest slump since mid-June.
The UBS Bloomberg CMCI gauge of 26 prices declined 0.2 percent to 1,566.89. Cotton fell, capping the biggest two-day slump since mid- August, on concern that supplies will remain ample as the slumping European economy crimps demand………………………………………..Full Article: Source


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