Related Keywords: commodity price, cotton bales, cotton trading, fresh stock of cotton, Pakistan cotton market, spinning mill owner
Cotton trading picking up slowly as spinning mill-owners continued to buy the commodity to avoid a likely rebound in prices, a dealer said on Friday. Trade turnover witnessed improvement to 21,600 bales (155 kilograms each) against 21,000 bales a day ago in Pakistan.
According to a broker at the Karachi Cotton Exchange, spinning mill-owners continued to buy fresh stocks of cotton to avoid a likely rebound in the commodity price.
