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Lint trading on Pakistan market remained dreary past week

Related Keywords: Cotton market, cottonseed, ginner, grower, Karachi Cotton Association, lint trading, power load shedding, transport

Lint trading at main stations of Punjab and Sindh remained dreary due during three days past week to absence of workforce, non-availability of transport and power load shedding.
 
Spot rate was firm with no active physical trading on back of Eid holidays, traders said on Saturday.
 
During past week the buyers made deals for fine bales for immediate use besides purchased all grades in order to fortify their inventories, traders at Karachi Cotton Association (KCA) said.
 

Cotton trading continue at slow pace, price reduced by Rs.50

Related Keywords: cotton price, cotton trading, ginner, Karachi Cotton Association, new crop, Pakistan cotton market, Pubjab spinners

With buyers reluctant to enter into big deals trading at Pakistan cotton market continued at slow pace. Only around 2,500 bales from new crop have so far been sold by ginners which were mostly lifted by Punjab spinners. Around seven to eight ginning units have started operating in Sindh and five in Punjab. However, all these ginneries are getting raw cotton supplies from lower Sindh where crop normally matures earlier than other cotton-growing belts of the country.

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