Related Keywords: Active trading witnessed, anticipating decline in spot rate, back of grade issue, cotton bales, deals for better grades of lint, immediate need of lint, Karchi Cotton Exchange, KCA, Lint market buyers, paying premium price, spot rates decreased
At lint market buyers were seen making deals for better grades of lint on paying premium price, traders at the Karachi Cotton Association (KCA) said. Most of the buyers made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.
The spot rate at KCA remained intact at Rs 6,800 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level.
