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Ginning factories closed amid low cotton stocks Business KARACHI: Local cotton market remained sluggish in the week, largely owing to dollar depreciation, dwindling yarn demand, erratic global trends, and Ramzan timings, with ginners mostly opting to suspend their operations, traders said. Traders were mostly expecting the slowdown to continue in the coming days, saying Covid-19 had affected the trade globally, which had also resulted in the less demand in the local market, which also came under the influence of the international markets. The cotton season has almost ended and ginners are left with less than 60,000 bales that are also being sold gradually, as the lint was being purchased by some mills. However, trade volume is very low and almost all ginning factories have closed their operations.

New yorkUnited statesNaseem usmanPakistan cotton ginners associationPakistan textile mills associationKarachi cotton associationKarachi cotton brokers associationPrime ministerAll pakistan textile mills associationNew york cotton marketCentral asiaபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்நசீம் உஸ்மேன்பாக்கிஸ்தான் ஜவுளி ஆலைகள் சங்கம்கராச்சி பருத்தி சங்கம்