Related Keywords: cotton market on Wednesday, crisis ridden textile mills, Karachi Cotton Association, kept its spot rates steady, Most textile mills, rather converting it into yarn, remained conspicuous by their absence, running out of working capital, spinners selling cotton from their stocks, started to shut down, witnessed slow trading activity
Cotton market on Wednesday witnessed slow trading activity as crisis-ridden textile mills remained conspicuous by their absence. Most textile mills running out of working capital have started to shut down, brokers said. The Karachi Cotton Association kept its spot rates steady.
