Related Keywords: cotton bales, cotton market witnessed an eventless trading session, ginners carryover stock from previous year, KCA, kept mills and spinners on sidelines, Less demand for yarn, low quality of old stocks, meeting demand through imports, not a single transaction finalized, official spot rate unchanged, spinners and exporters
Less demand for yarn and low quality of old stocks, kept mills and spinners most of the time on the sidelines, due to which cotton market witnessed an eventless trading session on Friday. Not a single transaction was finalized on the cotton market.
The Karachi Cotton Association (KCA) left the spot rate unchanged at Rs5,500/maund. The KCA fixed the official spot rate, or base price, for Grade 3 cotton at Rs5,894/maund.
