Related Keywords: 100 per maund, anticipating prices, cotton bales, creating artificial shortage, Ginners, highest for ongoing season, KCA, move higher in coming days, rates of commodity soaring to Rs8, reap bigger profits, Rising cotton prices continued, shortage of quality lint, spot rates, started to hold back stocks
Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.
