Commodities: Rotten Cotton?

Exporters of U.S. cotton, who this year will ship $600 million worth of the nation's sixth largest export, have a tough row to hoe. More and more European buyers are complaining about the condition of U.S. cotton. "America sends us the worst-made-up bales," says Harry Tonge, chairman of Britain's Raw Cotton Committee. Grumbles one Genoa importer: "The condition of U.S. cotton cries out for revenge." Some countries are beginning to take revenge. Communist Bulgaria judged a shipment to be so shoddy that it not only delayed unloading the $2,750,000 cargo last month but impounded the Danish freighter that carried...

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