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Related Keywords: already imported small quantities of cotton, amid undeclared ban, causing lot of confusion in market, currently faced with a situation, floor brokers, imported cotton for despatching, Indian cotton imports, KCA, pay freight cost, sign of resentment, spot rate unchanged, steady flow of buying oreder

The issue of Indian cotton imports amid undeclared ban is causing a lot of confusion in the market. Floor brokers are showing a sign of resentment. Brokers said that those who have already imported small quantities of cotton from India are currently faced with a situation where they will have to pay freight cost on imported cotton for despatching it back to the country of origin.

Yet , there is steady flow of buying orders from spinners . It has helped the cotton market to maintain overnight prices.

The Karachi Cotton Association left its spot rates unchanged.

Related Keywords: delay in new crop arrival, floor brokers, held by ginners, KCA, limited stock, Pakistan cotton market, slow down in trading activity, spot rate, steady at previous level, textile industry worried, world cotton market

Pakistan cotton market witnessed slow down in its trading activity on Saturday after staying active for entire week. According to floor brokers, they expected hiatus in activity due to limited stocks held by ginners. The Karachi Cotton Association (KCA) spot rates were steady at previous level.

However, there was demand from some needy mills, but ginners demanded higher rates for their limited cotton stocks. Barring a few deals, which were mostly finalized on high rates, activity on the market remained devoid of enthusiasm.