Related Keywords: China may boost import quotas, despite sharp rise in world market, ginners upset on expectations of better return, KCA, locally prices coming down, mills and spinners, new cotton crop arrivals expected middle June, official spot rate lower, prices failing to maintain firmess, Trading activity at cotton market
Trading activity at cotton market on Friday witnessed prices failing to maintain firmness as mills and spinners kept on the sidelines in the absences of motivating factor, dealers said. Market sources said that main buyers were on the sidelines after news started reaching that new cotton crop arrivals are expected in middle of June.
Heat wave and early sowing helped cotton crop mature early, the ginners who have nearly 200,000 bales with them on expectations of better return were upset.
