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Drought sends US cotton prices to 10-year high

chinadaily.com.cn | Updated: 2022-03-23 10:23

The ongoing drought in parts of the central United States has pushed cotton prices to their highest level in more than a decade. On Monday, the plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July 2011, AFP reported.

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