Related Keywords: availability of little stocks, cotton bales, cotton market on Thursday, Ginners, ginners willing to offload lint, increased fifty per maund, Karachi cotton exchange, Normal trading witnessed, not ready to sell at lower rates, spot rates
Normal trading was witnessed at cotton market on Thursday despite availability of little stocks with the ginners. While, the spot rates at the Karachi Cotton Exchange increased Rs50/maund.
The spot rates increased to Rs6,800/maund (37.324kg) and Rs7,288/40kg. Ex-Karachi rates also rose to Rs6,935/maund and Rs7,433/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
According to an analyst, normal trading was recorded despite as there are talks of new crop, ginners are willing to offload their lint, but they are not ready to sell at lower rates.
