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Related Keywords: badly affected, buyers remained selective on grade issue, during trading at lint market, fibre traders, illegal dumping of cloth by India, Karachi cotton exchange, prices remained firm, spot rates remained unchanged, textile market, trading activity remain dull on Wednesday

At the Karachi Cotton Exchange, trading activity remain dull on Wednesday as buyers remained selective on grade issue during trading at lint market while prices remained firm, fibre traders said.

The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Cotton crop production targets during the season were fixed at 14.40 million bales as against the production targets of 14.1 million bales of last year.

Related Keywords: Cotton market, grade conscious buyers, Karachi Cotton Association, made deals on slightly higher prices, prices remained firm, textile sector is facing dearth of fine grades., to capitalise maximum returns, Traders offered all grades of lint, trading session

During the trading session at the cotton market prices remained firm while grade-conscious buyers made deals on slightly higher price, according to traders at the Karachi Cotton Association (KCA) on Monday.

Floor brokers said that mills in Sindh and Punjab stations bought all grades on cautious note as grade issue was continue. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,275 per maund in order to capitalize maximum returns on their proceeds.

Related Keywords: cotton production, delay in arrival of next crop, demand for quality lint, from spinners, ginners reluctant to sell stock, KCA, Pakistan cotton market, prices remained firm, spot price reduced, trading slow

Despite demand for quality lint from spinners, trading was slow as ginners were reluctant to sell their stocks at this juncture which kept prices firm on the cotton market on Thursday. Expected delay in the arrival of next crop is another reason which is keeping prices higher, brokers said.

Floor brokers said that the final phutti (seed cotton) arrival figures expected to be released next month could place total cotton production for the current season at around 14.9 million bales.