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U.S. Cotton Prices Fall 4.8% in April

After rising 4.6% in March, U.S. spot cotton prices did an about face in April, and fell by 4.8%, or about four cents per pound.

The 7-market average U.S. spot price for upland cotton increased to 79 cents. Prices finished April 4% below year-ago levels.

The past month has seen increased supply from rising global cotton stocks combined with softening demand due to style trend shifts toward synthetics, both of which have put downward pressure on cotton prices.

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