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Improvement recorded in cotton trading

Related Keywords: Buyers at lint market, cotton bales, forward trading, immediate need of lint, in anticipation of decline in spot rate, Karachi cotton association, Karachi cotton exchange, made deals for better grades of lint, market sentiments remained steady, Most of the buyers made deals, on back of grade issue, paying premium price, spot rate

The buyers at lint market made deals for better grades of lint paying premium price, while market's sentiments remained steady on forward trading, traders said. Most of the buyers made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate, they added.

Cotton price remain firm

Related Keywords: Active trading witnessed, anticipating decline in spot rate, back of grade issue, cotton bales, deals for better grades of lint, immediate need of lint, Karchi Cotton Exchange, KCA, Lint market buyers, paying premium price, spot rates decreased

At lint market buyers were seen making deals for better grades of lint on paying premium price, traders at the Karachi Cotton Association (KCA) said. Most of the buyers made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

The spot rate at KCA remained intact at Rs 6,800 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level.

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