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Related Keywords: cotton imports from India, demanded government, detrimental to interests of cotton growers, impose complete ban, Pakistan Cotton Ginners Association, PCGA, ruin cotton growing and growers in Pakistan, via Wahag Border

The Pakistan Cotton Ginners Association (PCGA) demanded the government to impose complete ban on cotton imports from India as PCGA leaders strongly feel that imports of cotton lint from India via Wahag Border is detrimental to the interests of the cotton growers, it will ruin cotton growing and growers in Pakistan hence should be immediately stopped.

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.

Related Keywords: accumulate maximum stock, bullish, cheap Indian yarn, cotton imports from India, cotton prices remained higher, cotton yarn imports, gain momentum, Leading spinners, Pakistan cotton market, quality cotton, remove indirect ban, striking big lot deals, trading activity

Trading activity at Pakistan cotton market remained bullish with leading spinners indulged in striking big-lot deals to accumulate maximum stock of quality cotton which was still available in abundance though first picking is about to come to an end. As a result, cotton prices remained higher, brokers said.

Buyers were not ready to give up their buying drive in order to build up their stocks, although there were rumors in the trading ring that the government may remove indirect ban on cotton imports from India.