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Related Keywords: 100 per maund, anticipating prices, cotton bales, creating artificial shortage, Ginners, highest for ongoing season, KCA, move higher in coming days, rates of commodity soaring to Rs8, reap bigger profits, Rising cotton prices continued, shortage of quality lint, spot rates, started to hold back stocks

Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.

Related Keywords: 100 per maund, become costlier, Buyers are rushing, Buyers initially seen chasing limited quantity of quality cotton, cotton bales, Cotton market, get hold of maximum lint quantity, lint imports, once again pushed cotton prices, realizing developing scenario, regardless of its quality, rupee devaluation, seasonal peak of Rs7, seed cotton

Buyers initially seen chasing limited quantity of quality cotton realizing that under the developing scenario lint imports after rupee devaluation will become costlier. Buyers are rushing to get hold of maximum lint quantity, regardless of its quality at the cotton market on Tuesday which once again pushed cotton prices to a seasonal peak of Rs7,100 per maund.

The buyers were also not optimistic about imports of cotton from India since a large-scale pest attack has drastically slashed the crop size.