Sunday, 22 May 2011
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Cotton Drops as India Reduces Textile Output; Orange Juice Falls
Cotton futures fell for the second straight day amid signs that global demand is shrinking. Orange juice dropped. The Confederation of the Indian Textile Industry said this week that it plans to cut production by a third because of a "huge decline" in demand. India is the world's second-biggest cotton producer. Prices have plunged 29 percent since touching a record in March as consumption eased
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