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Friday, 18 February 2011
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Cotton Futures surge over $2 on tight supplies
LUBBOCK, USA (Commodity Online) Cotton Futures settled at $2.04 a pound for the March '11 shipment at the InterContinental Exchange (ICE New York Futures) on February 17th reaching the daily limit of 7 cents. This sets a new record for cotton at the exchange. May '11 contract settled at $2.01 a pound. March contract price has climbed by 40% in a month. Mr. Grady Martin, Director of Sales at
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