Cotton Market Would Stay Stable Until January

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15 December 2008 - Cotton prices last week rebounded after previously falling, as a clear sign that current stability may last until after year's end. The cotton market is extremely depressed by falling textile production in China, India and Pakistan while large quantities of lint and yarns are being accumulated at Asian plants. Prices may further fall when excess production will be available on the international market, at the start of next year.

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