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Cotton rises as falling output may exceed decline in demand

Posted on 07 January 2009

From Bloomberg: Cotton prices rose to a 10-week high in New York on expectations that a plunge in global production will exceed a drop in demand and as investors snapped up commodities that declined in value in 2008.

Global cotton output may fall by 7.4 percent in the year ending July 31, more than an expected 5.5 percent drop in demand, the U.S. Department of Agriculture said Dec. 11….. Full Article: Source


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