Related Keywords: cotton producing countires, heavy buying witnessed, helped cotton prices recover recent losses, KCA, meet near future needs, needy spinners, Pakistan cotton yarn, pushed cotton prices higher, ready counter, ready market trend, rushing back to replenish their stock, spot rate
With needy spinners rushing back eagerly to replenish their stocks to meet their near-future needs, heavy buying was witnessed which helped cotton prices to recover recent losses. The steady flow of buying pushed cotton prices higher on ready counter.
Also fear of disruption in phutti (seed cotton) supply from cotton fields into ginneries owing to expected heavy rains in the coming days generated buying activity.
