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Weekly Cotton Review: Prices mixed in market amid thin trading
KARACHI: Cotton prices were mixed in Pakistan’s local market last week amid thin trading, with the spot rate rising by Rs600 per maund, according to the weekly market review. Prices in the New York market also moved unevenly. Pest attacks on crops are reportedly hurting cotton quality, while business difficulties and reports of alleged financial irregularities are adding to concerns in the market. Uncertainty continues to weigh on trading. A ginner in Tando Adam is reportedly involved in an alleged Rs650 million scam, while a trader in Faisalabad’s yarn market stands accused in a separate alle...
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