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Related Keywords: Buyers made deals for better and second grade of cotton, demand for better grades of lint, depleting better grades of lint, higher prices, import price escalated, increase in dollar value, KCE, keep sellers on driving seats, spot rate. cotton bales

Demand for better grades of lint from buyer likely to keep sellers on driving seats as import price has been escalated due to increase in dollar value. Buyers made deals for better and second grade of cotton on higher prices on account of depleting better grades of lint. Better and second grade of lint fetched price of Rs 6,925 per maund and Rs 6,875 per maund respectively.

The leading ginning units slowed down supply of better grades in order to get premium prices for in next coming trading sessions sensing on increasing demand from buyers.

Related Keywords: amid dwindling cotton stocks, competitive prices, cotton market on Monday. Ginners holding not more than five lakh bales, cotton yarn, higher prices, KCA, next cotton season is more than four months away, quality cotton, Slow trading witnessed, small and medium units, spinner accumulated seasonal cotton needs, spot rate remain unchanged

Slow trading witnessed amid dwindling cotton stocks and higher prices at the cotton market on Monday. Currently, Ginners are holding not more than 500,000 bales. Moreover, the next cotton season is more than four months away.

Many leading spinners have already accumulated their seasonal need of cotton while small and medium sized units are looking for quality cotton at competitive prices.

At the Karachi Cotton Association, its spot rates remained unchanged.