Cotton Prices Are Rebounding

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27 November 2008 - Cotton prices are clearly rebounding on New York and physical markets, in line with a general recovery of equity and commodity markets triggered by the announcement of a huge spending plan in the United States. This "Obama Effect" may however be short-lived on the cotton market, given the high level in yarn stockpiles being currently accumulated in Asia while apparel retail sales are further falling in Western countries.

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