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Related Keywords: cotton prices on rise, dull trading, dwindling cotton stocks, Ginners, KCA. spot rate, Pakistan cotton market, quality lint cotton, Spinners

Dull trading was witnessed on the cotton market on Friday as ginners were reluctant to sell lint cotton at prevailing prices. According to brokers, dwindling cotton stocks, particularly of quality lint, are a major factor for slow trading. As the current season is approaching to an end, the cotton stocks in the country have declined below 250,000 bales.

The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, around 2,000 bales of cotton changed hands between Rs 4900 and Rs 5500 (conditional).

Related Keywords: cotton prices, delay in arrival of next crop, dwindling cotton stocks, KCA, Pakistan cotton market, quality lint running short, remain on higher side, Slow trading on cotton market, spinning sector, spot rate

Slow trading was witnessed on Friday on cotton market as cotton prices continued to remain on the higher side with dwindling cotton stocks and spinners kept looking for quality lint which is running in short supply.

The Karachi Cotton Association (KCA) left its spot rates unchanged.

The textile industry, particularly the spinning sector expressed concern over the long delay in the arrival of next crop and falling cotton stock.