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ICE cotton touched fresh 9-1/2-month highs on Wednesday before slipping into negative territory as investors booked profits after the prior day's rally on the government's lower-than-expected plantings estimate. Along with the planting forecast at its lowest in more than three decades, the US Department of Agriculture also said it would re-survey Texas after recent flooding, raising some concerns about crop damage.

The following were the fluctuations observed during the day:

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ICE cotton turned higher on Tuesday after the US government slashed its estimate for cotton plantings to the lowest in over three decades, bucking pressure from news earlier from Beijing on a plan to offload huge inventories. The benchmark December cotton contract on ICE Futures US was up 0.45 cent, or 0.7 percent, at 67.68 cents a lb by 12:19 pm EST (1619 GMT) after the US government report. The US Department of Agriculture (USDA) pegged total cotton acres at just under 9 million acres, the lowest since 1983.
The fluctuations observed during the day:

ICE cotton turned higher on Tuesday after the US government slashed its estimate for cotton plantings to the lowest in over three decades, bucking pressure from news earlier from Beijing on a plan to offload huge inventories. The benchmark December cotton contract on ICE Futures US was up 0.45 cent, or 0.7 percent, at 67.68 cents a lb by 12:19 pm EST (1619 GMT) after the US government report. The US Department of Agriculture (USDA) pegged total cotton acres at just under 9 million acres, the lowest since 1983.
The fluctuations observed during the day:


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
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WeeklyJuly 01, 2015
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