USA: Further Erosion Of Cotton Prices In February
International cotton prices continued to erode in February and the Cotlook A Index, a measure of international prices, declined from 63 US cents per pound in late January to 58 cents by the end of February. Prices increased by six cents during the first half of the season and stood at 66 cents per pound in December 2000. However, news of increased estimates of production in China (Mainland) and lower economic performance in the US economy in early January 2001 resulted in lower price expectations.
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