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U.S. Cotton Prices Rise 4.6% in March

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U.S. spot cotton prices increased by over three cents in March, a gain of 4.6%, bringing its year-to-date rise to almost $.13 per pound.

The 7-market average U.S. spot price for upland cotton increased to over $.83. Prices are 1% below year-ago levels.

A pickup in demand from China and, more recently, South Asia, continues to put upward pressure on prices, as has a shortage of rainfall during the 2012 growing season, which has kept stocks pretty tight while buoying prices of other commodities.

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