Related Keywords: continue to import cotton, cotton and cotton yarn, keep production low, large spinning group, neighbouring country, Pakistan cotton market, see latest development, slow move in trading activity, sluggish demand, spinning mills remained away from making new deals, under utilization of capacity
Pakistan cotton market witnessed slow move in trading activity on Monday as some spinning mills remained away from making new deals to see latest developments. This indicates that demand is sluggish owing to under utilization of the capacity by the spinning industry. On the other hand, large spinning groups continue to import cotton from neighbouring country and this has also slowed down considerably. The slow off-take of cotton yarn is also forcing spinners to be cautious and keep their production low.
