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Related Keywords: cotton market on Wednesday, fresh buying interest, Karachi cotton market, KCE, market sources, official spot rate stable trend, prices gained momentum, process of modest trading, pushing rates sharply up, spinners to replenish their stocks, spot rate, strong demand for quality lint

The cotton market on Wednesday was in the process of modest trading with strong demand for quality lint pushing the rates sharply up. According to the market sources, prices gained momentum on fresh buying interest by the spinners to replenish their stocks.

The official spot rate after maintaining a stable trend went up by Rs 100 to Rs 7000, dealer said. In Sindh and the Punjab, seed cotton prices were at Rs 2400-3000 while in the ready session, approximately, 5000 bales of cotton changed hands between Rs 7000-7400.

Related Keywords: cotton market on Monday, cotton prices, exporters and millers, fresh buying interest, no fears of supply shortage going forward, official spot rate slight higher, recovered slightly, sustained buying, volume of business increased

The cotton prices recovered slightly at cotton market on Monday due to sustained buying by exporters and millers as there are no fears of supply shortage going forward, dealers said. The official spot rate was slight higher by Rs 50 to Rs 5,950. According to the market sources, volume of business increased due to fresh buying interest.