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Moderate trading witnessed as cotton remain firm

Related Keywords: better grade lint, cotton bales from US, Cotton market, Ginners, Karachi Cotton Association, KCA, KCE, prices of all grades of cotton stood firm, raw lint, spinning mills, spot rate remained intact, trading session

At the cotton market, the prices of all grades of cotton stood firm during the trading session, according to traders. Around 9,600 bales changed hands.
The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,850 per maund with better lint in focus, fibre traders reported.

Floor brokers said that leading buyers in Sindh and Punjab stations bought better grade lint on premium prices offered by ginners during the trading session.

Pakistan expected to import more than 3.35 lakh high quality cotton bales from US

Related Keywords: committed to import, Cotton council international, cotton bales from US, during the current fiscal year, marketing, observe cotton production, Pakistan cotton production, Pakistan cotton producing country, Pakistan delegation, processing, ranks eighth largest US cotton importer, to meet with US cotton exporters, visited New York

Pakistan, a cotton producing country ranks the eighth largest US cotton importer. The country imported1.69 lakhs of cotton bales from US in the previous fiscal year. In the current fiscal year (2014-15), Pakistan has committed to import more than 3.35 lakh bales from US.

Dahlen K Hancock, president of Cotton Council International (CCI) believes there is potential for even greater sales of US cotton to this growing market. CCI, which is the US’s export promotions arm, conducted the trade mission.

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