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C.I.F NORTH EUROPE QUOTATION OF "A" INDEX & "B" INDEX (U.S. Cents Per Pounds) Months/Average "A" INDEX MONTHS 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006.07 2007.08   September 53.42 43.50 83.61 56.75 81.76 81.27 70.25 56.65 55.16 73.63 91.20 75.35 79.55 65.85 49.35 61.65 40.25 49.00 64.20 55.03 54.86 58.86 68.15 October 49.01 51.23 77.36 57.63 82.10 81.36 68.26 53.25 55.90 73.88 91.15 75.35 77.55 60.85 47.45 60.85 35.50 49.85 72.55 50.78 58.37 57.03 68.93 November 48.04 52.81 75.82 58.54 82.90 82.55 64.30 52.69 54.91 76.91 89.20 75.85 77.20 56.70 46.15 65.75 41.70 53.65 76.75 47.71 56.83 57.39 69.68 December 48.25 59.12 74.68 61.26 77.74 83.52 61.83 54.00 58.55 84.89 87.90 79.20 74.40 56.05 44.20 65.85 43.00 56.00 73.60 47.52 56.53 59.43 69.57 January 53.82 65.67 72.19 63.12 75.20 83.71 59.62 57.20 67.94 94.78 86.20 79.90 71.24 55.77 47.60 64.15 43.65 56.85 76.15 50.23 59.10 59.06 73.25 Febuary 54.64 65.85 67.49 62.96 76.21 84.87 56.30 60.44 79.98 99.96 85.00 80.45 68.75 56.16 53.80 60.40 42.00 58.60 73.90 51.28 60.75 57.87 75.05 March 53.11 63.09 66.34 66.62 78.89 84.23 55.33 61.57 81.89 110.42 83.23 80.60 68.75 56.61 57.40 54.55 42.35 61.80 72.25 55.35 58.62 58.42 80.18 April 48.83 65.26 66.75 73.75 82.84 83.42 57.99 61.05 83.65 113.23 82.80 78.90 65.05 57.22 58.70 51.15 40.65 60.45 69.30 55.99 57.16 57.13 75.41 May 45.73 75.28 65.60 77.31 85.57 84.17 60.31 60.20 86.04 115.85 82.89 79.35 64.50 59.90 60.50 49.95 41.30 57.80 69.10 54.73 55.44 55.57 74.12 June 41.66 79.30 68.77 78.82 90.09 84.09 63.89 58.94 86.31 N.Q. 82.95 80.60 68.30 58.50 59.50 47.45 45.40 56.60 63.50 52.65 56.42 60.61 77.04 July 38.00 83.24 64.50 81.60 91.29 81.12 65.30 57.83 81.75 N.Q. 78.80 81.15 69.35 54.40 58.40 45.55 47.00 60.21 55.80 56.23 56.65 67.84 77.29 August 39.60 86.60 57.74 83.00 81.28 73.47 59.75 55.50 76.94 85.05 76.35 81.15 68.15 51.05 60.85 43.40 49.75 60.50 50.40 53.53 60.89 NQ 78.04   Yearly Avg: 47.62 65.91 69.99 68.45 82.16 82.32 61.93 57.44 72.42 92.86 84.81 78.99 71.07 57.42 53.66 55.89 42.71 56.74 68.13 52.59 57.64 54.10 73.89 "B" INDEX MONTHS 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08   September 45.35 32.55 78.44 51.75 76.99 77.45 68.66 51.70 50.90 71.58 89.25 74.65 74.30 N.Q. N.Q. 56.85 38.15 46.40 62.90 54.47 52.63 NQ 68.90 October 43.61 40.19 71.84 53.24 77.07 76.89 65.33 49.13 51.05 71.95 88.35 73.45 73.30 56.00 N.Q. 57.45 32.75 46.25 70.65 50.36 55.7 NQ 68.30 November 41.42 42.95 71.72 53.27 77.90 77.62 61.21 48.81 51.61 75.58 85.70 71.49 73.65 55.20 42.40 62.05 38.40 48.65 74.45 47.81 54.69 54.56 69.35 December 40.83 52.32 69.59 56.17 73.70 78.30 59.15 49.85 56.02 N.Q. 83.40 75.15 71.25 54.75 40.15 62.05 39.50 49.90 71.40 46.92 55.28 56.94 NQ January 42.82 60.87 68.15 58.45 71.39 77.12 55.71 52.81 62.77 96.43 81.15 75.15 69.08 54.08 43.40 60.30 40.00 53.00 74.30 48.95 57.28 57.47 NQ February 45.21 61.41 64.21 57.55 72.22 78.02 52.14 55.72 78.18 98.09 79.05 74.40 67.10 53.37 48.55 59.95 38.15 55.65 71.75 49.13 58.09 56.79 NQ March 45.42 50.00 62.69 61.64 75.03 78.59 51.09 57.41 78.92 108.19 77.70 74.90 67.10 53.17 53.50 48.60 38.15 56.85 69.95 54.55 56.46 57.31 NQ April 41.06 60.50 61.55 67.56 76.96 77.83 52.77 57.65 80.61 110.44 77.40 73.25 63.75 N.Q. 53.35 47.55 38.40 57.95 66.40 55.22 55.11 57.43 NQ May 38.93 70.05 59.54 71.89 79.50 79.05 54.38 56.85 83.62 109.34 77.47 75.55 N.Q. N.Q. 55.05 45.55 38.40 55.75 67.00 53.16 52.84 55.81 NQ June 33.73 72.90 62.70 74.56 82.98 77.22 55.71 55.68 84.35 103.43 77.45 79.30 N.Q. N.Q. 53.65 45.55 42.15 54.05 60.45 50.28 53.89 NQ NQ July 29.52 76.96 58.87 77.15 84.60 75.63 56.11 55.01 80.56 93.77 75.10 76.65 N.Q. N.Q. 53.50 44.20 43.10 59.30 52.60 51.15 54.9 NQ NQ August 27.33 81.55 52.76 78.75 77.93 71.11 54.45 51.25 74.66 81.60 74.40 76.65 N.Q. N.Q. N.Q. 42.20 45.75 60.00 50.35 52.46 NQ NQ NQ Yearly Avg : 39.60 58.52 65.17 63.50 77.19 77.07 57.23 53.49 69.44 92.76 80.54 75.05 69.94 54.43 52.62 53.22 39.56 53.57 66.02 51.21 50.57 33.03 17.21 Source: Cotton Outlook

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