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Related Keywords: buyers remained in forefront, buying spree, continue to remain firm, cotton bales, cotton prices, moderate trade, official spot rate remained unmoved, Pakistan cotton market, reload stock, seed cotton prices, Spinners

Cotton prices at Pakistan cotton market continue to remain firm on moderate trade on Friday as buyers remained in the forefront of buying spree to reload their stock, according to dealers. The official spot rate remained unmoved at Rs 6300.

In Sindh, seed cotton prices were at Rs 2600-3300, while in Punjab, phutti rates were at Rs 2800 and Rs 3550, as per 40 kg, dealers added.

Related Keywords: buying spree, cotton bales, cotton imports from India, cotton yarn, exporters, KCA, Leading spinners, Pakistan cotton market, phyto sanitary certification, pushing prices higher, rising demand for quality cotton, spot rate rise, Textile Industry, trading activity

Trading activity at Pakistan cotton market witnessed rising demand for quality cotton pushing prices higher on Thursday where leading spinners and some exporters remained in the front of buying spree.

The Karachi Cotton Association’s spot rates saw rise by Rs50, to Rs6,300 per maund (around 37 kilograms).

Buyer remain under panic due to confusion over cotton imports from India and indirect ban based on reports that Indian cotton shipments failed to fulfil phyto-sanitary certification, threatening the $822 million-a-year trade.