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Related Keywords: Cotton market, ginners holding less than 0.6 million bales, higher price, KCA, KCE, meet seasonal requirements, most deals were finalised at higher rates, needy spinners, over sustained demand, Prices up, quality lint, Spinners booked some lower grade cotton, spot rate

Prices up over sustained demand for quality lint from needy spinners to meet their seasonal requirements at cotton market on Monday. Most of the deals were finalised at higher rates. Spinners striving to cover up their positions also booked some lower grade cotton at higher price. The ginners are holding less than 0.6 million bales, brokers said.

Fast depleting stocks held by ginners and shortage of quality lots continue to panic small spinners. Fear of delay in arrival of next crop due to water shortage in lower Sindh was also a matter of great concern for the textile industry.

Related Keywords: affect total cotton production, cotton market on Tuesday, disturbed the market, needy spinners, Negative growth in Punjab cotton production, outlook uncertain, overall sentiment remained weak, Renewed buying interest, witnessed trading activity resuming slightly

Renewed buying interest from needy spinners witnessed trading activity resuming slightly at the cotton market on Tuesday. However, overall sentiment remained weak and outlook uncertain. Negative growth in Punjab cotton production disturbed the market and will affect total cotton production. The last phutti arrival figures showed improvement due to higher cotton production in Sindh.

Related Keywords: cotton arrival, Cotton market, Karachi cotton exchange, kept trading activity brisk, needy spinners, pushed lint prices higher, rising trend in prices, second consecutive session on Thursday, selling pressure checked, some exporters, spot rate, strong demand, trading session

Strong demand from needy spinners and some exporters pushed lint prices higher and kept trading activity brisk on the cotton market for the second consecutive session on Thursday. Consequently, during second half of the trading session selling pressure checked the rising trend in prices.

However, by and large buyers remained in the forefront and tried to get hold of quality lots. As a result prices moved higher by Rs50 in ready trading. The official spot rates were also revised higher by Rs50 to Rs6,100 per maund.

Related Keywords: cotton bales, Cotton market, firm and steady on Thursday, increased spot rates, Karachi Cotton Association, lack of trade interest, needy spinners, quality cotton, quality cotton in short supply, selective buying, slow arrival of cotton seeds, unannounced ban of cotton import

With selective buying for quality cotton from needy spinners kept cotton market firm and steady on Thursday. The Karachi Cotton Association officially increased spot rates by Rs50, to Rs6,300 per maund (around 37 kilograms).

However, brokers said that phutti prices came down, with Punjab quality being quoted at Rs2,800 to Rs3,500 from Rs3,550 per 40kg. Similarly, the Sindh variety was also lower by Rs50, to Rs3,250 per 40kg.

Related Keywords: cotton producing countires, heavy buying witnessed, helped cotton prices recover recent losses, KCA, meet near future needs, needy spinners, Pakistan cotton yarn, pushed cotton prices higher, ready counter, ready market trend, rushing back to replenish their stock, spot rate

With needy spinners rushing back eagerly to replenish their stocks to meet their near-future needs, heavy buying was witnessed which helped cotton prices to recover recent losses. The steady flow of buying pushed cotton prices higher on ready counter.

Also fear of disruption in phutti (seed cotton) supply from cotton fields into ginneries owing to expected heavy rains in the coming days generated buying activity.

Related Keywords: Cotton market, Cotton price surged, creating panic buying, dwindling stock with ginners, KCA, needy spinners, spot rate, strong demand from spinners

Strong demand from spinners provoked by dwindling stock with ginners for the current season crop are creating panic buying from needy spinners who are eager to replenish their stock due to which cotton prices has surged.

Floor brokers said that strong demand for quality lint pushed prices to new record high on ready counter with highest quoted prices going up to Rs5450 per maund.

However, the Karachi Cotton Association (KCA) spot rates remained unchanged at previous level.