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Weekly Cotton Review: Prices are steady; trading volume improves
KARACHI: Cotton prices across the country’s markets have steadied after a recent upward trend, with trading volume also showing marked improvement, dealers reported. The spot rate climbed by six hundred rupees per maund, signalling a positive shift in market sentiment. New York cotton futures, meanwhile, continued to see fluctuations, though the domestic market remained largely insulated from that volatility. Industry sources said the supply of seed cotton, or phutti, remains comparatively low, while ginners still owe thousands of bales in pending deliveries, a factor analysts believe will kee...
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