Related Keywords: cotton prices, decline in lint prices, ginners long position rushed to unload stock, KCA, lower, lower export orders for yarn, Pakistan cotton market, selling pressure, Spinners, spot rate
Cotton prices remained lower on Wednesday as ginners fearing further decline in lint prices having long position rushed to unload their stocks at Pakistan cotton market.
According to floor brokers, slow moving cotton demand from spinners in front of lower export orders for yarn and high prices of cotton compared to import parity kept prices under pressure.
The situation is highly perplexed because short crop and poor demand from China owning to high cost of Pakistani yarn against Indian and Vietnamese variety kept trading activity slow and restricted.
