Related Keywords: back of grade issue, buyers remain cautious in making big deal, cotton bales, Cotton market, cotton production, decline in spot rate, demand for fine grades, forward deals of all grade lint, immediate need of lint, KCA, moderate trading seen
At cotton market, moderate trading was seen as buyers remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate, traders at the Karachi Cotton Association (KCA) said on Wednesday.
KCA kept the spot rate intact at Rs 5,650 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level, said floor brokers.
