Related Keywords: continuing to influence domestic trading, cotton bales, cotton yarn and grey fabric by buyer, depressed yarn and grey fabric markets, global trend, KCA, KEA, PCGA, pushed cotton prices under pressure, slow off take, spot rate, taking a toll over, trading at cotton market on Monday, workings of the cotton market
Slow off take of cotton yarn and grey fabric by buyer, once again pushed cotton prices under pressure when trading resumed on Monday at cotton market. The depressed yarn and grey fabric markets are taking a toll over the workings of the cotton market, with global trend continuing to influence domestic trading, brokers said.
Leading spinners continue to be absent while some small spinners indulge in buying on a day-to-day basis resulting in erratic market behavior.
Brokers said that leading spinners holding substantial cotton inventories have booked lint for import.
