Cotton appreciates to a 11-month high

Source: Bloomberg
Cotton futures for May delivery were higher by 2.2% to 92.83 cents per pound in the morning on ICE Futures U.S. on Friday. Currently the price is at an 11-month high, which was reached as the U.S. Department of Agriculture improved estimations of China's consumption in 2013 to 36 billion bales or up by 1.4% higher than previous month.

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