Pakistan Local Cotton Prices and Market Commentary 16th June 2017

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Cotton prices remained under pressure since the beginning of this week. Consequently, the Karachi Cotton Association (KCA) was obliged to reduce the ex-gin price of grade three cotton by Rs 50 per maund (37.32 Kgs) and fixed it at Rs 6,750 per maund last Tuesday. Again on Thursday, it reduced the price of grade 3 cotton by Rs 50 per maund and fixed it at Rs 6700 per maund in a dull market.

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