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Commodities: Cotton prices subdued amid rising imports
KARACHI: Rising cotton imports continued to influence prices on the local market where buyers remained away from the trading ring and preferred to mark time.
The trading volume also receded owing to lack of buying interest from spinners who are not getting good price for cotton yarn.
Though there was acute shortage of cotton in the country, big spinners were mostly relying on imported cotton which had lower landed price and was superior in quality, brokers said.