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Higher demand impact prices at lint market

Related Keywords: bought better grades of lint, Buyers anticipating shrinking of better grades, Cotton trading slowed down, during trading session, factor that impact prices of cotton, grade related demand remained on higher side, increase in prices, Increasing trend in dollar, Karachi cotton exchange, leading stations of Punjab and Sindh, spot rate increased

Buyers anticipating shrinking of better grades and increase in prices, bought better grades of lint in during trading session at leading stations of Punjab and Sindh. Increasing trend in dollar is also a factor that has impact prices of cotton while grade related demand remained on higher side.

Buyers also made forward deals for a month delivery period in order to fortify their inventories during trading session at Punjab and Sindh stations.

Moderate trading activity seen at the cotton market

Related Keywords: buyers made deals for quality lint, cotton bales, Cotton market, domestic market, during trading session, ginners of Punjab offered cotton of all grades, ginners of Sindh offered low-grade lint, KCA, moderate trading activity seen, slightly higher prices, spot rate remained unchanged

Moderate trading activity was witnessed at the cotton market as buyers made deals for quality lint on slightly higher prices at around Rs 5,675 per maund during the trading session and around 360 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained unchanged Rs 5,450 per maund.

The ginners of Punjab offered cotton of all grades to the buyers around Rs 5,000 per maund to Rs 5,100 per maund while ginners of Sindh offered low-grade lint to the buyers around Rs 4,975 per maund.

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