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Global Cotton Prices to Soften on Tepid Demand, China Drawdowns

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With global consumption expected to climb and production dipping, the International Cotton Advisory Committee (ICAC) has lowered its 2018-19 price forecast for cotton to 86.45 cents per pound, down from 89 cents in December. The forecast, which has a price range from a low of 75.60 cents to a high of 100.21 cents, is based…

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