Home Business Pakistan’s cotton trading slows down

Pakistan’s cotton trading slows down

The cotton market remained steady on Tuesday where activity slightly slowed down owing to oversold position of ginners and partly because spinners also took a respite to work out their future plans.The world cotton prices, however, moved higher on reports China was still active in replenishing it cotton stocks. The New York cotton continues to lead world cotton markets, brokers said, reports The Dawn.The buyers remained in the forefront but short supply of cotton restricted activity. During the past week ginners made huge deals with some are now facing oversold position, brokers said.