Related Keywords: both buyers and sellers, buyers indulged in short covering, cotton bales, cotton market on Wednesday, KCA, KCE, near future demands, panic buying, past two days no longer evident, rationalised their approach, spot rate, steady conditions prevailed
Panic buying of the past two days was no longer evident as both buyers and sellers seemed to have rationalised their approach and steady conditions prevailed on the cotton market on Wednesday as buyers indulged in short covering for their near future demands.
Pakistan Central Cotton Committee’s (PCCC) review has set aside all fears and apprehensions that were afloat about the size of the crop in the light of heat wave, smog and fog impact, said Naseem Usman, chairman Karachi Cotton Brokers’ Forum.
