Related Keywords: activity remained restricted, After losing ground, cotton bales, cotton prices, Cotton prices moved higher, KCA, KCE, last fortnight, once again picked up, short supply of lint stocks, spot rate, strong demand for quality lint on Monday
After losing ground during last fortnight, cotton prices once again picked up. Cotton prices moved higher on strong demand for quality lint on Monday. However, activity remained restricted due to short supply of lint stocks.
It was interesting to note that prices once again moved beyond Rs7,000 per maund, with the highest rate quoted at Rs7,500 per maund. However, short supply of quality cotton owing to falling cotton stocks restricted activity, leaving many spinners disappointed.
