Related Keywords: cotton industry, cotton prices, interest revives, Spinners
Cotton prices rose higher on Thursday as buying interest revives from leading spinners. The ginners who had been reluctant to dispose of their stocks readily obliged buyers at higher price calls. However, trading remained focused on quality lint as spinners were keen to build upon their stocks to meet expected higher export commitments owing to free-market access to European Union and larger orders booked in Heimtextil fair in Germany, brokers said.
Analysts believe that higher off-take of cotton from spinners earlier this season has now left little stock with ginners.
