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