WORLD MARKET PRICE FOR UPLAND COTTON - USDA
The U.S. Agriculture Department
announced the prevailing world market price, adjusted to U.S.
quality and location, for Strict Low Middling, 1-1/16 inch
upland cotton at 52.69 cts per lb, to be in effect through
midnight March 5.
    The adjusted world price is at average U.S. producing
locations (near Lubbock, Texas) and will be further adjusted
for other qualities and locations. The price will be used in
determining First Handler Cotton Certificate payment rates.
    Based on data for the week ended February 26, the adjusted
world price for upland cotton is determined as follows, in cts
per lb --
 Northern European Price               66.32
      Adjustments --
 Average U.S. spot mkt location 10.42 
 SLM 1-1/16 inch cotton          1.80 
 Average U.S. location           0.53
 Sum of adjustments              12.75
 Adjusted world price            53.57
 Reuter
