Adjusted World Price and Step 3- National Cotton Council

Effective May 9 - May 15, 2008
Adjusted World Price, SLM 1^1/16	57.77 cents*
Coarse Count Adjustment	0.00 cents
Marketing Loan Gain Value	0.00 cents
Import Quotas Open	1
Limited Global Import Quota	409,987
ELS Payment Rate	5.89 cents
*No Adjustment Made Under Step I

Five-Day Average
Current 3135 c.i.f. N. Eur	75.13 cents
Forward 3135 c.i.f. N. Eur	NA
Coarse Count c.i.f. N. Eur	NA
Current US c.i.f. N. Eur	74.50 cents
Forward US c.i.f. N. Eur	NA