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US Cotton Prices Hit Three-Year High. Will Global Rates Follow Upward Trend?

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U.S. spot cotton prices averaged 88.35 cents per pound for the week ended Aug. 12, according to the U.S. Department of Agriculture (USDA). This is the highest weekly average since June 14, 2018, when the average was 90.27 cents. The weekly average was up from 86.31 cents the prior week and from 57.62 cents a…

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