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 Super
Fine, Medium Coarse witness downslides
During the week ended August 7, 2003, cotton prices showed declines
in both categories. In the Super Fine category, MECH-1 and Shankar-6
both lost 113 points, DCH-32 lost 224 points and MCU-5 dropped 141
points.
Polyester
prices are rebounding in China
Polyester prices are now clearly rising in China, as a result
of higher demand and a new increase in costs of polyester intermediates,
mainly Mono Ethylene Glycol (MEG).
Africa’s
offensive against US cotton subsidies
Western Africa last May launched an offensive against the United
States and the European Union, accused of massively subsidising
cotton production, therefore depressing cotton prices on the international
market.
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