Related Keywords: buying the commodity, Cotton market, ginners not ready to lower prices. keeping trading activity slow, higher rate, spinners showed reluctance, strong demand for quality cotton, Textile Industry
At cotton market, spinners showed reluctance in buying the commodity at a higher rate as ginners were not ready to lower prices keeping trading activity slow on Thursday.
Though there was strong demand for quality cotton, ginners refused to lower prices which restricted trading activity. Growers were also keeping phutti (seed cotton) on higher side.
Market sources said that growers – who have already sold almost half of their cotton crop in a short period of two months – feel financially strong and are not in a hurry to dispose of the remaining crop.
