Related Keywords: Buyers keen to build up stock, cotton bale, Cotton market, Cotton prices remain firm, equally not ready to pay extra price for lint. sellers knowing about shortage of quality cotton, fully exploit the situation, KCA, spot rate unchanged, strong demand for quality cotton
Cotton prices remain firm with strong demand for quality cotton on Wednesday at cotton market. Buyers were keen to build up stock but they were equally not ready to pay extra price for the lint. Whereas, sellers on their part knowing about the shortage of quality cotton wanted to fully exploit the situation.
Both sellers and buyers tried to turn the situation in their favour. Nevertheless, needy spinners managed to finalize some deals at high rates as they were not ready to take risk due to rising cotton prices in most of the world markets.
