Related Keywords: Cotton prices remain firm, ginners reluctant to sell at current rates, KCA, Prices being quoted at around Rs seven thousand per maund, short supply, spot rates were firm at overnight level, steady flow of buying, trading remained around quality cotton, was strong demand for quality cotton
Cotton prices remain firm on Friday with steady flow of buying. Prices were being quoted at around Rs7,000 per maund (around 37 kilograms), brokers said. However, much of the trading remained around quality cotton which was in short supply.
There was strong demand for quality cotton, but spinners were disappointed as ginners were reluctant to sell at current rates.
The KCA’s spot rates were firm at overnight level.
Apart from local dynamics, the domestic market is also tracking an uptrend in leading cotton markets.
