Related Keywords: build up inventories, cotton bales, Cotton prices remain stable, Forward deals for better, give price benefit to sellers, improved supplies of all grades, kept trading moderate, Lint market, mills and spinners, physical prices within reach of buyers, reports of paucity of better grades of lint this season, second grade of lint, selective buying
Cotton prices remain stable with selective buying and improved supplies of all grades at lint market. Physical prices were within the reach of buyers, whereas, reports of paucity of better grades of lint this season could give price benefit to sellers. Forward deals for better and second grade of lint kept trading moderate at lint market.
Despite the fact that more cotton had been produced by the country up to Oct 1, 2017 over the corresponding period last year, however the glut did not dent prices due to oversold position of ginners.
