Related Keywords: cotton prices on rise, dull trading, dwindling cotton stocks, Ginners, KCA. spot rate, Pakistan cotton market, quality lint cotton, Spinners
Dull trading was witnessed on the cotton market on Friday as ginners were reluctant to sell lint cotton at prevailing prices. According to brokers, dwindling cotton stocks, particularly of quality lint, are a major factor for slow trading. As the current season is approaching to an end, the cotton stocks in the country have declined below 250,000 bales.
The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, around 2,000 bales of cotton changed hands between Rs 4900 and Rs 5500 (conditional).
