News Tags

Related Keywords: better grades at a slightly higher price, Buyers also made forward deals, cotton bales, Cotton market, for a month in anticipation, further increase in better stuff prices, KCA, leading buyer made deals, maintain inventories, shrinking of better grades of lint, spot rate, trading session

During the trading session at the cotton market due to shrinking of better grades of lint, leading buyer made deals for better grades at a slightly higher price to maintain their inventories. Buyers also made forward deals for a month in anticipation of a further increase in better stuff prices.

The physical prices remained steady and influx of phutti (cottonseed) in ginneries remained normal.

Related Keywords: boost activity, capital shortage, cotton yarn, Karachi cotton exchange, maintain inventories, Pakistan cotton market, slowdown in sale, textile mill owner, trade turnover, world cotton market

Pakistan textile mill-owners to maintain their inventories on the higher side resumed purchasing, which helped boost activity at the cotton market with trade turnover of cotton improving by 16 percent to 19,200 bales (155 kilograms).

However, the trade activity was comparatively low due to slowdown in the sales of cotton yarn , a dealer said on Monday.

According to a broker at the Karachi Cotton Exchange, big textile mills maintain, at least, three-month stock of cotton in hands.