New York (AFP) March 22, 2022

Cotton prices rose to their highest level in more than a decade on Monday, due to a prolonged drought in parts of the central United States.

The plant fiber reached $1.3171 per pound (about 453 grams) on the key US futures contract, the highest since July 2011.

Rainfall has been exceptionally low since early January in the northwest part of Texas – which produces about 40 percent of all
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