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Cotton prices were mostly stable in Pakistan local market

Related Keywords: availability of limited working capital, continued making need based buying, cotton price, KCA, maintain stabilility, medium size textile mills, Pakistan cotton makret

With cotton price maintaining stability, many medium-size textile mills continued to make need-based buying on day-to-day basis due to availability of limited working capital with them, a dealer said on Saturday.

In the local markets, trade turnover of cotton remained moderate at 5,900 bales (of 155 kilogram each).

Majority of the trade deals were made for a few hundred cotton bales across the country, said a broker at Karachi Cotton Exchange.

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