Related Keywords: China, cotton bale, cotton export, Cotton market, frenetic trading, India, Pakistan cotton grower, Pakistan cotton industry ICE futures, phutti, seed cotton
Pakistan cotton growers and ginners once again faced frenetic trading on the cotton market on Wednesday and looked a bit upset due to strong supply of seed cotton.
According to cotton analyst, the growers and ginners had hoarded phutti in expectations of increase in profit amid tight supply but now phutti arrivals improved significantly, this is factor, which is inducing them to sell huge stock below the expected level.
