Related Keywords: cotton inventories, cotton trading, Karachi Cotton Association, mill owners, new sales order, Pakistan cotton market, regular production operation going, resumed buying, spot rate, witnessed improvement
Pakistan cotton market witnessed improvement in the trade of cotton to 4,349 bales as the mill owners were back to the local markets purchasing cotton to keep their regular production operations going.
In fact, the mill owners resumed buying when their cotton inventories reduce next to nil, or they receive new sales orders.
According to the Karachi Cotton Association (KCA), traders bought a total of 4,349 bales at Rs3,450 to Rs4,950/maund (37.324 kilograms)as compared to 2,200 bales bought at Rs4,950/maund a day ago.
