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Energy crisis, gas shortage in Punjab keep buyers away from cotton market

byCustoms Today Report
31/01/2015
in Business
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KARACHI: Energy crisis and gas shortage in Punjab kept buyers away from the cotton market and Trading on the cotton market remained dull as leading spinners took to the sidelines.
The slow off-take of cotton yarn and dumping of yarn from India in the domestic market are other negative factors dampening the market sentiment.
The New York cotton for second consecutive session moved higher where all the futures closed with fresh modest gains.

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