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Cotton Prices set to decline - USDA Report (Cotton Weekly)

13th Nov 2006, 22:35 GMT

Due to its growing production, China will import less cotton in 2006-2007 than previously expected, last Friday said the US Department of Agriculture (USDA) in its November report. As a result, global cotton prices are expected further sliding. Physical markets remained strong in the last week, however, although New York Friday fell.

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