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Related Keywords: cotton prices on rise, dull trading, dwindling cotton stocks, Ginners, KCA. spot rate, Pakistan cotton market, quality lint cotton, Spinners

Dull trading was witnessed on the cotton market on Friday as ginners were reluctant to sell lint cotton at prevailing prices. According to brokers, dwindling cotton stocks, particularly of quality lint, are a major factor for slow trading. As the current season is approaching to an end, the cotton stocks in the country have declined below 250,000 bales.

The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, around 2,000 bales of cotton changed hands between Rs 4900 and Rs 5500 (conditional).

Related Keywords: cotton prices on rise, delay in arrival of next crop, due to late sowing, KCA. spot rate, over dwindling cotton socks, Pakistan textile industry, presently in distress, quality lint

The Pakistan textile industry as a whole is presently in distress over dwindling cotton stocks and expected delay in the arrival of next crop due to late sowing of new crop (2015-16), according to brokers.

Continual demand for quality lint and running down with cotton stocks in the country pushed the cotton prices up on Thursday.

Ginners on the other hand are in no hurry to dispose of their stocks in anticipation of getting even higher prices. They entertained only those bids which had been called at higher rates.