The tone of the cotton market in May remains slightly weak and there is no factor to move market prices.New York cotton futures on May 11 moved up to 51.31 cent/lb.from 50.44 cents on the previous day,a gain of 87 cents.Price movements of near deliveries have been small between 50 and 53 cents since April 20.Prevailing market prices continuously moved downward within a narrow range between 50-54 cents to 50-53 cents during these two months.This is a typical bearish market.
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