Related Keywords: badly affected, buyers remained selective on grade issue, during trading at lint market, fibre traders, illegal dumping of cloth by India, Karachi cotton exchange, prices remained firm, spot rates remained unchanged, textile market, trading activity remain dull on Wednesday
At the Karachi Cotton Exchange, trading activity remain dull on Wednesday as buyers remained selective on grade issue during trading at lint market while prices remained firm, fibre traders said.
The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
Cotton crop production targets during the season were fixed at 14.40 million bales as against the production targets of 14.1 million bales of last year.
