Cotton Prices Surged Amid Low Trading

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5 January 2009 - Cotton prices further surged in the past week in New York amid very low trading volumes in the last days of the year. The fall of the US dollar however found a bottom, and this may put and end to the current rally. Prices also surged in Pakistan where textile activity is apparently recovering. Indian prices are clearly on the decline by contrast, although a minimum price was set by the government. In China, prices are slightly rising, stimulated by continued state intervention on the market.

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