Monday, 16 May 2011
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Pakistan: Cotton further plunges to Rs 8,500 per maund
Karachi�Cotton price has plunged by Rs 500 to Rs 8,500 per maund this week, mainly due to slow buying from cotton mills and exporters, brokers said on Saturday. Member of Cotton Brokers and Advisory Committee Amir Naseem said that the market has witnessed a declining trade in cotton since past few weeks. This week, though spinners and exporters are taking interest in local cotton, the weak
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