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ICA advise importers to trade under its by-laws and rules

Related Keywords: advised importers to trade the commodity, both buyers and sellers, ensure safe trading environment, ICA, International cotton Association, protect the legitimate interests, under its by-laws and rules

The International Cotton Association (ICA) ensure safe trading environment and protect the legitimate interests of both buyers and sellers has advised importers to trade the commodity under its by-laws and rules.

ICA President Mirza Salman Ispahani during his visit to All Pakistan Textile Mills Association’s (Aptma) headquarters on Thursday, said that 90 percent of the world cotton is traded under its by-laws and rules as the association has internationally recognised arbitration system and its awards can be enforced through courts in majority of the countries.

Steady conditions prevail at cotton market

Related Keywords: both buyers and sellers, buyers indulged in short covering, cotton bales, cotton market on Wednesday, KCA, KCE, near future demands, panic buying, past two days no longer evident, rationalised their approach, spot rate, steady conditions prevailed

Panic buying of the past two days was no longer evident as both buyers and sellers seemed to have rationalised their approach and steady conditions prevailed on the cotton market on Wednesday as buyers indulged in short covering for their near future demands.

Pakistan Central Cotton Committee’s (PCCC) review has set aside all fears and apprehensions that were afloat about the size of the crop in the light of heat wave, smog and fog impact, said Naseem Usman, chairman Karachi Cotton Brokers’ Forum.

Cotton trading activity remain slow over rising prices and supply concerns

Related Keywords: amid rising prices, barring a couple of deals, Big spinners slowed down imports, both buyers and sellers, Cotton market, depleting cotton stocks, KCA, keeping trading activity dawdling, market conditions remained dull, Shortage of quality cotton, spot rate remain unchanged, started to affect on trade volume, took to the sidelines

Shortage of quality cotton coupled with depleting cotton stocks have started to affect on trade volume, keeping trading activity dawdling at cotton market on Thursday. Both buyers and sellers took to the sidelines amid rising prices. Barring a couple of deals, the market conditions remained dull.

Big spinners have also reportedly slowed down their imports. On the domestic front, the trading ring gave a deserted look.

Cotton market witnessed modest trading activity

Related Keywords: both buyers and sellers, cautious business seen, Cotton market, Cotton prices remain firm, modest trading activity, official spot rate unchanged, preferred to be on the sidelines

In the process of modest trading activity on cotton market on Saturday Cotton prices remain firm. A kind of cautious business was seen on the market as both buyers and sellers preferred to be on the sidelines in the process of trading activity. The official spot rate also was unchanged at Rs 6375, dealers said.

In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, the phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg,

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