Related Keywords: already imported small quantities of cotton, amid undeclared ban, causing lot of confusion in market, currently faced with a situation, floor brokers, imported cotton for despatching, Indian cotton imports, KCA, pay freight cost, sign of resentment, spot rate unchanged, steady flow of buying oreder
The issue of Indian cotton imports amid undeclared ban is causing a lot of confusion in the market. Floor brokers are showing a sign of resentment. Brokers said that those who have already imported small quantities of cotton from India are currently faced with a situation where they will have to pay freight cost on imported cotton for despatching it back to the country of origin.
Yet , there is steady flow of buying orders from spinners . It has helped the cotton market to maintain overnight prices.
The Karachi Cotton Association left its spot rates unchanged.
