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Active trading activity seen at cotton market on Wednesday with buying picking up as spinners were keen to replenish their stocks from domestic sources.
The overnight renewed buying interest intensified as spinners indulged in a sort of panic buying. The high price in most of the leading world cotton markets was instrumental in forcing buyers to rush for domestic cotton.
After touching a seasonal high of US 77.11 cents per lb, the New York cotton market gave mixed trend and so did the Chinese and India cotton markets.
