Related Keywords: due to availability of quality lint, eagerly replenished their stock, KCA, lint stocks with ginners dwindling fast, moved cotton prices higher, owing to increased demand, picked up by needy spinners, Renewed buying interest, spot rate, Trading moderately active
Trading was moderately active on Thursday due to availability of quality lint which was picked up by needy spinners who eagerly replenished their stock. This renewed buying interest moved cotton prices higher.
Last week around 0.5 million bales deals were reported but now only 0.7m bales are currently available in the country.
As the current season (2017-18) is coming to an end, lint stocks with ginners are dwindling fast owing to increased demand. However, quality cotton is in short supply which is a cause of concern for spinners.
