Related Keywords: cotton bales, Cotton market, global cotton market, KCA, kept to the sidelines, Leading spinners, major factor for poor performance, slow off take of cotton yarn, Slow trading witnessed, spot rate
Slow trading witnessed at the cotton market on Wednesday as leading spinners kept to the sidelines. Overall, the undertone was weak and outlook uncertain. However, some market reports suggest that slow off-take of cotton yarn was a major factor for poor performance of the cotton market.
Trading resumed on overnight dull tone, impacted by the issuance of an statutory release order (SRO) waiving duty and taxes on import of cotton.
