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Cotton falls on weak export sales data, tariff woes

June 6 (Reuters) - Cotton futures slipped for a third straight session on Thursday on weaker export data, while fresh threats from Washington to impose additional tariffs on more Chinese goods ruffled investors.

* Cotton contracts for July settled down 0.15 cent, or 0.2%, at 68.59 cents per lb.

* It traded within a range of 67.48 and 68.72 cents a lb.

* The U.S. Department of Agriculture (USDA) reported net sales of 182,300 running bales (RB) for marketing year 2018/19 were down 37% from the previous week, while exports of 308,600 RB were down 25%.

* "The export data was negative ... until we see significant demand emerge, I think this market is going to be subject to lower prices," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas.

* To add salt to wounds, U.S. President Donald Trump said on Thursday he would decide whether to carry out his threat to levy tariffs on Chinese goods worth at least $300 billion.

* The long-drawn trade dispute between the world's two largest economies has upset markets since its conception nearly a year ago.

* The United States is one of the world's biggest exporters of cotton, while China is the largest consumer.

* "Cotton prices could rise to 69-70 cents, or at the most 72.33 cents for the July contract," Moss added. "Markets dont rally on uncertainty."

* Total futures market volume rose by 1,405 to 34,584 lots. Data showed total open interest gained 753 to 209,067 contracts in the previous session. Certificated cotton stocks <CERT-COT-STX> deliverable as of June 5 totaled 81,462 480-lb bales, up from 81,218 in the previous session.

(Reporting by Asha Sistla in Bengaluru; Editing by Lisa Shumaker)