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Wednesday, 2 March 2011
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Cotton Futures Top $2 a Pound as Limited Worldwide Supplies Trail Demand
Cotton prices rose, extending a rally above $2 a pound, on signs that global supplies will remain limited this year amid increased demand from China, the world's biggest consumer. Orange juice also gained. Imports by China in January jumped 31 percent from a year earlier after an 86 percent surge in 2010, government data show. The price in New York more than doubled in the past 12 months,
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