Related Keywords: amid slow demand from spinners, CCI, cotton bales, Cotton prices continued to slide, KCA, on Wednesday at cotton market. Ginners holding substantial stocks, rapidly falling prices, spot rate, suffer huge losses, third consecutive session, unsold cotton
Cotton prices continued to slide for the third consecutive session amid slow demand from the spinners on Wednesday. Ginners holding substantial stocks of unsold cotton and with rapidly falling prices are likely to suffer huge losses.
Cotton broker Adil Naseem said that the declining lint price trend indicated that a weaker US dollar against other leading currencies is impacting commodity prices.
