Cotton Prices Sharply Falling in New York

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8 December 2008 - Cotton prices failed in really rebounding as US futures dramatically dropped on Thursday and Friday. In addition to a general depression on world commodity markets, the sharp decline was triggered by lower demand for US cotton on the international market. Demand from China nearly disappeared as soon as prices rose in the last two weeks. Cotton prices were however rebounding on Monday, in line with other markets.

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