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Trading activity at cotton market picks up with increasing flow of phutti

Related Keywords: cotton bales, Cotton market, expands on Wednesday, improve the supply of quality lint, increasing flow of phutti, KCA, KCE, kept prices steady, seed cotton, short supply against higher demand, spot rate remain unchanged, trading activity

Trading activity on the cotton market expands on Wednesday with increasing flow of phutti (seed cotton) which will also improve the supply of quality lint. However, short supply against higher demand kept prices steady.

Phutti arrivals from Sindh continue to be higher due to early maturing of crop, therefore much of trading was noted in this variety.However, supplies from Punjab were also improving.

Sharp fall in cotton crop production left market with slow trading activity

Related Keywords: cotton yarn in domestic market, failed to attract buying from spinners, financial crisis faced by textile industry, foreign buying slow, KCA, kept prices steady, major factor affecting trading activity, Pakistan cotton market, sharp fall in cotton crop production, slow trading activity, sluggish demand, spot rate

Pakistan cotton market failed to attract buying from spinners on Saturday due to sharp fall in cotton crop production leaving the market with slow trading activity. The slow activity kept prices steady at overnight level and sluggish demand from spinners is expected to continue even for the rest of the season, according to floor broker.

The Karachi Cotton Association (KCA) spot rates also remained steady at overnight level.

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