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Related Keywords: current major issue, global cotton prices, Import prospects are also diminishing, KCA, midst of short supply of quality lint, prices remaining steady, risen considerably, rising demand, slow trading activity, spot rate, Textile Industry, witnessed at cotton market

Slow trading activity witnessed at the cotton market with prices remaining steady in the midst of short supply of quality lint which is the current major issue with rising demand from textile industry.

Although many exporters of home textiles who participated in the recently concluded Heimtextil, Frankfurt trade fair returned with good number of orders from European, US and Middle Eastern buyers but this did not reflect in cotton trade.

Import prospects are also diminishing because India itself is faced with short crop while global cotton prices have also risen considerably.

Related Keywords: amount sold represents ninety seven percent, global cotton prices, hit by supply shortage, initiated by China, Recent auction on reserve cotton, sold total seventeen thousand five hundred tonnes of cotton, subdued due to healthy US crop yield, to fuel domestic mill demand, total amount of cotton available, worlds top textile producer

At the recent auction on reserve cotton initiated by China to fuel domestic mill demand where it sold a total of 17,500 tonnes of cotton on Wednesday. The amount sold represents 97 percent of the total amount of cotton available at Wednesday's auction, and was sold at an average price of 12,230 yuan ($1,859.57) per tonne, according to the cncotton.com website.

A total of 23,200 tonnes was sold at an auction on Tuesday, more than 99 percent of the cotton available, at an average price of 12,202 yuan per tonne, according to the website.

Related Keywords: china cotton reserve, cotton price, global cotton prices, us cotton futures

Cotton futures gained on 13 November on short-covering in heavy trading as the index fund roll neared its conclusion and mill buying under the market continued to underpin prices. The most-active March cotton contract on ICE Futures US closed up 0.5%, to settle at US cents 78.59 per pound, up for a second straight session. Meanwhile, spot December contract edged up 0.1% to US cents 77.97 per pound.