Cotton Market Bottoming Out In Asia

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19 January 2009 - Demand for cotton is apparently bottoming out in Asia, reflecting a similar rise in cotton textile production from the very low levels of the end of last year. Cotton lint prices significantly increased in Pakistan with domestic demand shifting to the international market as a result. In India, state agencies continue procuring large quantities, therefore supporting prices and accumulating huge stocks which could put pressure on prices in the second part of the year.

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