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ICE cotton rises on Indian crop concerns


(Reuters) - ICE cotton futures edged up on Wednesday, hovering near more than two-month highs hit last week on concerns over crop damage in top producer India. Cotton contracts for March settled up 0.21 cent, or 0.29 percent, at 72.72 cents per lb., and traded in a range of 72.44 and 73.27 cents a lb."The bollworm problem in India is making the market bid today," a New York-based trader said. India is likely to export nearly one-fifth less cotton than previously estimated as pink bollworms are set to eat into the south Asian country's output which was expected to hit a record, industry ...

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First Published: Thu, December 07 2017. 05:58 IST