Related Keywords: buyers and sellers remained to the sidelines, cotton bales, facing difficulty in exporting cotton yarn, Karachi Cotton Association, owing to short supply of quality lint, owing to uncompetitive prices, polyester cotton yarn, raised spot rates by Rs fifty, remained slow, rise in cotton prices, Spinners, Trading activity at cotton market
Trading activity at cotton market on Monday remained slow as buyers and sellers remained to the sidelines owing to short supply of quality lint and rise in cotton prices. The Karachi Cotton Association also raised its spot rates by Rs50, to Rs6,800 per maund (around 37kg).
According to market estimates, ginners currently hold 500,000 bales of cotton in order to get best prices are careful in disposing of these stocks.
