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07/03/2011 Cotton price hit the highest point since the Civil War

2:02

Cotton Prices Rising

2:58

Devastating Floods Lead to Record Cotton Prices

1:52

prices rise for cotton farmers

Prices of cotton hit the highest levels, since the American Civil war. Analysts described the situation as „panic“ buying by mills. Many manufacturers were forced to switch to alternative fabrics, in order to keep their prices and profits in check. The prices were expected to fall sharply in the coming months.
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