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Related Keywords: amid firm physical prices, cotton trading, forward deals for a month period, Karachi Cotton Association, readjusted overnight by rupees fifty, remained moderate, second grade of lint, shrinking fine lint, spot rates, traders

Cotton trading remained moderate amid firm physical prices, traders said. At the The Karachi Cotton Association (KCA) spot rates were readjusted overnight by Rs 50 per maund to stay at Rs 6,650 per maund.

Forward deals for a month period also changed hands that pushed physical prices in green zone. Floor brokers said that buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,475 per maund to Rs 6,675 per maund during the trading session.

Related Keywords: buyers and sellers entangled in price war, cotton bales, Cotton market, KCA, production of lint in ginneries of Sindh and Punjan, remained firm, remained moderate, strong spot rate amid higher demand for fine grades, trading activity

The trading activities remained firm in cotton market with strong spot rate amid higher demand for fine grades, traders at Karachi Cotton Association (KCA) said on Friday. The buyers and sellers were entangled in price war while deals for all grades changed hands on competitive prices in Sindh and Punjab stations at around Rs 5,000 per maund to Rs 5,400 per maund while production of the lint in the ginneries of Sindh and Punjab remained moderate, however around 3,960 bales were produced, floor brokers said.