Related Keywords: due to short crop this season. Cotton market witnessed brisk trading, fearing shortage of cotton, India has deferred cotton exports, Karachi Cotton Association, On rumours, panic buying from leading spinners, raised spot rate, replenish stocks, until crop size is finalized
On rumours that India has deferred cotton exports until its crop size is finalized. There was panic buying from leading spinners to replenish their stocks fearing shortage of cotton due to short crop this season. Cotton market witnessed brisk trading on Tuesday in Pakistan.
The expected move from the Indian government has already pushed cotton prices high in India as this strongly indicates that the crop would also be short in India this season, brokers said.
