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Commodities: Slump in cotton trading
KARACHI: Listless conditions prevailed on the cotton market on Monday as buyers took to the sidelines, though there were no new developments which could have adversely impacted sentiment.
Tension between Pakistan and India in the aftermath of the Pulwama attack has trade and industry perturbed.
No restriction or extra duties have been imposed by Pakistan on cotton coming from India. However, the Indian side has halted the delivery of the commodity to Pakistan.
Market reports suggest that presently global trade is keenly focused on the US-China negotiations and some positive indications are coming out from Washington and Peking.