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Cotton market braces for lower Indian, U.S. exports

Prices on the rise as big growers struggle with weak harvests

India, the world's second-largest cotton grower, is forecast to boost exports as harvests suffer.   © Reuters

TOKYO -- International cotton prices stand to rise higher as predictions of a weak harvest in India, the world's second-largest grower, put the country on the verge of becoming a net importer.

New York cotton futures closed at 84.79 cents a pound on Monday, up 7% from the end of April.

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