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Related Keywords: Buyers and sellers stayed away, cotton market on Tuesday, cotton stock, diminishing stocks and shortage of quality lint, dull and dreary conditions prevailed, KCA, market was directionless, outlook uncertain, spot rate, undertone was firm

As buyers and sellers stayed away, dull and dreary conditions prevailed on the cotton market on Tuesday. Overall, the undertone was firm but the outlook uncertain as the market was directionless due to diminishing stocks and shortage of quality lint.

According to market reports, no transactions were reported on the ready counter.

At the Karachi Cotton Association (KCA) did not change the spot rates, currently pegged at Rs7,400 per maund.

Related Keywords: buyers and sellers, cited as another factor, cotton market conditions dull, downward trend in world leading cotton market, impacted domestic market, KCA, low demand for cotton, no transaction, outlook uncertain, PAF, spot rate lowered, staying away from proceedings, undertone was weak, value-added textile sector

With buyers and sellers staying away from the proceedings kept cotton market conditions dull on Tuesday. The undertone was weak and outlook uncertain. However, low demand for cotton from the value-added textile sector is cited as another factor.

Moreover, slow demand for cotton yarn has forced many spinners to move cautiously and avoid building up their inventories.

The downward trend in world leading cotton markets has impacted the domestic market adversely.

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.