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.
