30 August 2010 - Cotton prices further soared in the last week in New York, under large US exports to South America. Domestic prices also surged in India where demand rose from Pakistan after floods heavily damaged the domestic crop. Cotton yarn prices are falling everywhere, however, and spinners resist any new increase in cotton prices.
23 August 2010 - Cotton prices began last week receding in New York, after previously surging. Demand remains firm on the physical market, but spinners continue expecting lower prices later this year.
16 August 2010 - Cotton prices last week surged, mostly due to the low level in stocks in the current period. The new jump could however result in lower yarn production in Asia, as the textile industries are unable to pass such higher production costs on to their customers. Cotton buyers may prefer waiting for lower prices, therefore triggering a fall in world prices.
9 August 2010 - Cotton prices further rose in the last week in New York, over a speculative interest in commodities. The cotton market should however be depressed by the sharp increase in global production in the new season. Demand from China and flood-devastated Pakistan may however maintain cotton prices at a high level.
2 August 2010 - Cotton futures sharply rebounded in the last week in New York, reflecting a return of speculative funds to the commodity markets. Spinners also covered their needs for the third quarter on the physical market, boosting demand for US and Indian cotton.
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