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Dull trading activity seen at cotton market

Related Keywords: activity remained dull, cotton consumption, Cotton prices remained steady, ginning units, Interna¬tional Cotton Advisory Committee, KCA spot rates remained firm, resumed on Tuesday after Eidul Azha holidays, seed cotton arrival, thin attendance of traders, Trading on the cotton market

Trading on the cotton market resumed on Tuesday after Eidul Azha holidays, however activity remained dull due to thin attendance of traders. The KCA spot rates remained firm at pre-Eidul Azha level.

However, cotton prices remained steady as there was demand and according to brokers around 4,000 to 5,000 bales were finalised at the rate ranging from Rs6,000 to Rs6,075 per maund.

Cotton price remain steady leaving market largely devoid of activity

Related Keywords: Cotton market, Cotton prices remained steady, Ginners, Karachi Cotton Association, kept its spot rates unchanged, leading buyers remained on the sidelines, leaving market largely devoid of activity, quality cotton, seed cotton, Spinners

Cotton prices remained steady at cotton market on Tuesday leaving the market largely devoid of activity as leading buyers remained on the sidelines. The Karachi Cotton Association also kept its spot rates unchanged.

However, KCA fixed the official spot rate, or base price, for Grade 3 cotton at 7,127 rupees per maund (40 kg). Grade 3 cotton has a staple length of 1-1/16" and micronaire value between 3.8 and 4.9 NCL (no control limits), which represents fine to coarse classes of cotton varieties.

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