Related Keywords: consumption trend, cotton prices, Pakistan cotton market, spinning mills, textile sector
A decline in consumption by spinning mills lead to drop in cotton prices. The country’s textile sector which consumed between 1.3 million to 1.4 million bales average monthly has plummeted to around 4 lakh bales since the start of Ramazan.
The Karachi Cotton Association (KCA) on Tuesday reduced its spot rate by Rs300 to Rs6,455. While, following were Tuesday’s new crop Karachi Cotton Association (KCA) official spot rates for local dealings in Pak rupees for base grade 3 staple length 1-1/32” micronair value between 3.8 to 4.9 NCL.
