Related Keywords: continue production, during commodity off season, Karachi cotton exchange, Pakistan local cotton market, rushed to develop inventories, short supply of quality lint, Spinners, spot rate, textile mill owners, witnessed surge in trade turnover
Local cotton market in Pakistan witnessed surge in trade turnover by 20 percent to 15,200 bales (of 155 kilogram) as spinners and many of the textile mill owners rushed to develop inventories to keep continue their production during the commodity’s off-season (March-June) on fears of short supply of quality lint, said a dealer on Friday.
Those, who have yet not built inventories with prime quality cotton, are acquiring it ahead of the off-season, said a broker at Karachi Cotton Exchange, adding the size of unsold cotton stock stood around 1.1 million bales in the current season.
