Cotton Prices Clearly Rose in New York

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22 December 2008 - Cotton prices are still relatively stable on the international market, being last week supported by a sharp decline of the US dollar. Compared with other commodity markets, the cotton market remains relatively weak, however, reflecting a low level in demand from the textile industry. The Indian government cleared the way for further state-buying in the coming weeks as large quantities of cotton were already accumulated at much higher prices than on the international market.

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