Australian cotton growers haven’t benefited from the 43 percent gain inU.S. cotton prices in the past year because of the country’s strengthening currency, the USDA report said. The Australian dollar has gained 15 percent against the currency in the past year.Cotton futures for July delivery fell 0.27 cent, or 0.4 percent, to 69.29 cents a pound today in href=”http://www.bharattextile.com/newsitems/2007472″New York” Source: Bharat Textiles.com”

Date:5/12/2008

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