Slow business activity was witnessed on the cotton market on Monday due to expectations of better than expected cotton production this year, dealers said. The official spot rate was unchanged at Rs 6800, they said. In the ready session, only one deal was of 400 bales of cotton from Rahimyar Khan sold at Rs 6975, they said. According to the market sources, most of the participants were on the sidelines on arrivals of good cotton production.
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