Friday, 18 February 2011
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Cotton Falls From Record on Signs Global Production to Increase
Cotton futures fell from a record on speculation that the global crop will increase, replenishing a deficit that led prices double in the past five months. Production will exceed demand by 1.2 million metric tons in the season starting Aug. 1, making up for about a third of the shortfall in the past two years, Cotlook Ltd., an industry researcher, said yesterday. Earlier, cotton jumped the most
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