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Cotton price steady
KARACHI: Cotton prices remained steady on Monday amid selective buying from spinners.
As the current season is drawing to a close, the textile industry as well other stakeholders are focusing on next crop. There were reports that a very small deal of new cotton crop from lower Sindh was made on Monday.
Reports coming from cotton fields are quite encouraging for the next crop. But it would be too early to forecast any production figures particularly when there are reports of acute water shortage in some cotton-growing areas of Punjab.