Cotton Prices Tentatively Rising in New York

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29 December 2008 - Cotton prices further rose in the last week in New York, being supported by the fall in the US dollar. Demand remains however extremely weak on the physical market, as reflected by the very small rise in the "A Index" in the past week, consecutively. There is no sign yet of a possible rebound in cotton prices in January. Domestic prices are still supported by state intervention in China, Pakistan and India.

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