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Cotton and Textiles: World

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Cotton futures dropped on Monday, down for a fifth straight session, on worries over waning demand in China, the world's top textile market. The benchmark December cotton contract on ICE Futures US closed down 0.71 cent, or 1.1 percent, at 62.29 cents a lb after hitting 62.23 cents, the weakest for the front month in three weeks. "Harvest is coming, and we have a demand problem," said Jack Scoville, a vice president at Price Futures Group in Chicago, noting falling demand in top consumer China.

The fluctuations observed during the day:

West African cotton output is forecast to jump over 19 percent to 2,570,000 tonnes for the 2014/15 season as high government-fixed prices attract growers back to the sector, data compiled by Reuters showed on Thursday. Before a market crash in the early 2000s, the seven top cotton-producing countries in the region had accounted for about 15 percent of the world's cotton exports.
Cotton prices gave up early gains on Friday morning after US government data showed US merchants sold just 7,000 bales of cotton last week, much worse than expected, as concerns grow about weakening demand from China, the world's top buyer. The most-active December cotton contract on ICE Futures US closed down 0.56 cent, or 0.9 percent, at 63 cents a lb.
The following were the fluctuations observed during the day:

Cotton futures in New York eased on Thursday, in subdued trade as macroeconomic growth worries pressured equities markets and as concerns lingered over world fibre demand. The most-active December contract closed down 0.15 cent, or 0.2 percent, at 63.56 cents a lb after trading in a tight range of less than one cent throughout the session.
The fluctuations observed during the day:


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
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WeeklyOctober 20, 2014
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