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Shrinking better cotton grades keeps prices stable

Related Keywords: amid firm physical prices, blending prupose, buyers also bought second grade of line, Buyers bought better grades of lint, during trading session on lint market, fast depleting of better grades of lint, forward deals were made, inanticipating increase in general prices, KCA, KCE, slightly higher price, spot rate

Buyers bought better grades of lint on slightly higher price amid firm physical prices besides forward deals were made in anticipating increase in general prices and on fast depleting of better grades of lint during trading session on lint market. During the trading session, buyers also bought second grade of line at around Rs6,650 per maund for blending purpose.

The Karachi Cotton Association (KCA) kept the spot rate at Rs 6,200 per maund.

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