Related Keywords: cotton prices on rise, delay in arrival of next crop, due to late sowing, KCA. spot rate, over dwindling cotton socks, Pakistan textile industry, presently in distress, quality lint
The Pakistan textile industry as a whole is presently in distress over dwindling cotton stocks and expected delay in the arrival of next crop due to late sowing of new crop (2015-16), according to brokers.
Continual demand for quality lint and running down with cotton stocks in the country pushed the cotton prices up on Thursday.
Ginners on the other hand are in no hurry to dispose of their stocks in anticipation of getting even higher prices. They entertained only those bids which had been called at higher rates.
