Cotton prices jumped to a record high on Friday on strong Chinese demand and the prospect of reduced supply.
In New York, ICE December cotton futures touched 119.80 cents a pound, the highest price since 1995, The Financial Times reported.
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Rising cotton prices will mean higher clothing prices, especially in low-cost items such as t-shirts and underwear. Jeans-maker Levi Strauss has…
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Cotton Prices Jump to Record High originally appeared on DailyFinance on Fri, 15 Oct 2010 06:26:00.
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