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Cotton futures retreated on Monday, on track for a 16 percent drop in the third quarter, under pressure from a strong US dollar and fears that reduced demand in top consumer China will cause global inventories to swell. The benchmark December cotton contract on ICE Futures US closed down 0.42 cent, or 0.7 percent, at 61.47 cents a lb.

The fluctuations observed during the day:

China's plan to slash cotton imports next year has dealt one of the biggest blows yet to US farmers' hopes of a sustained recovery in prices, raising further fears the policy overhaul may roil global trade and curb demand. China said on Monday it will cut imports next year to 894,000 tonnes, or 4.1 million 480-lb bales, the minimum required under World Trade Organisation commitments.
Cotton futures rose on Friday, recovering from the prior day's five-year low in a technically driven rebound and as recent rains in Texas raised expectations of crop damage in the top-producing US state. The most-active December cotton contract on ICE Futures US rose 0.49 cent, or 0.8 percent, to end at 61.89 cents a lb.
The fluctuations observed during the day:

New York cotton futures fell to a five-year low on Thursday as worries over China's import demand in 2015 because of policy changes offset a strong weekly US government export report. The most-active December cotton contract on ICE Futures US closed down 0.17 cent, or 0.3 percent, at 61.40 cents a lb after dropping as low as 60.83 cents.
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%
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MonthlyAugust
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