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Related Keywords: activity remained restricted, After losing ground, cotton bales, cotton prices, Cotton prices moved higher, KCA, KCE, last fortnight, once again picked up, short supply of lint stocks, spot rate, strong demand for quality lint on Monday

After losing ground during last fortnight, cotton prices once again picked up. Cotton prices moved higher on strong demand for quality lint on Monday. However, activity remained restricted due to short supply of lint stocks.

It was interesting to note that prices once again moved beyond Rs7,000 per maund, with the highest rate quoted at Rs7,500 per maund. However, short supply of quality cotton owing to falling cotton stocks restricted activity, leaving many spinners disappointed.

Related Keywords: cotton bales, Cotton prices moved higher, fetch better prices, ginners hold back stock, imported in violation, Indian cotton, Karachi port, KCA, Ministry of National Food Security and Research Department of Plant Protection, Pakistan rejecting consignment, Plant Quarantine rules, spotrate unmoved

Cotton prices moved higher on Wednesday on reports of Pakistan rejecting a consignment of around 10,000 bales of Indian cotton worth $3.3 million at the Karachi port by the Ministry of National Food Security and Research Department of Plant Protection as it was imported in violation of the country's Plant Quarantine rules. The consignment has to be returned by importers at their cost.