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Related Keywords: accelerated local market, Cotton market, increasing interest of Indian spinning mill owners, increasing trend in its prices, KCA, Pakistani cotton, prices in both Indian and Pakistani markets, short supply of cotton, slowed down trading activity, spot rate, strong demand from spinners, yet brisk trading

Although short supply of cotton to some extend slowed down the trading activity at the cotton market yet brisk trading was seen on Friday amid strong demand from spinners. Cotton brokers said that increasing interest of Indian spinning mill owners in Pakistani cotton has accelerated the local market.

The Karachi Cotton Asso¬ciation, however, reduced its spot by Rs50, to Rs5,550 per maund.

According to cotton brokers, July will be very crucial month in connection with the cotton as there is an increasing trend in the prices of cotton in the Indian cotton market.

Related Keywords: cotton importer, facing hardship in meeting orders, fresh buying to meet requirement, ginners with limited stock of unsold quality lint, international buyers, local textile industry, official spot rate, Pakistan cotton market, raised price, ready session, short supply of cotton, showed modest improvement in prices, tight supply of fine quality

At the cotton market on Tuesday in the process of tight supply of fine quality, dealers said that prices showed modest improvement. Market sources said that the ginners, who have limited stock of unsold quality lint raised prices, so a few needy mills and spinners indulged in fresh buying to meet requirements

The official spot rate gained Rs 50 Rs 5,600 while in ready session, approximately 3000 bales of cotton changed hands between Rs 5300 and Rs 5900, dealers said.