Cotton falls on dollar strength, oversupply

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New York. ICE cotton futures end lower on a stronger US dollar, weak outside markets and a surplus of the fiber as the 2011-12 season draws to a close. Prices are falling with the “sheer panic” that hit commodities markets this week, says John Flanagan, president of Flanagan Trading. “They’re probably going to go lower.” December-delivery cotton drops 1.6% to 71.03c/lb.

Source: http://www.moneycontrol.com/commodity/comm_news.php?autono=181348&type=MKT

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