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Spinners paying premium price to get quality lint

Related Keywords: 000 mark, 050 per maund, crossing above the Rs7, Prices at cotton market, second time in the season, short supply of quality lint, spinners preferred to get quality lint, strong buying was witnessed on Monday, to reach Rs7, trading activity remained restricted, willing to pay premium price for Sindh variety

Prices at cotton market for the second time in the season seen crossing above the Rs7,000 mark to reach Rs7,050 per maund. However, strong buying was witnessed on Monday as spinners preferred to get quality lint and were willing to pay premium price for Sindh variety. But the trading activity at cotton market remained restricted due to short supply of quality lint.

Also the rupee-dollar parity is going to impact cotton imports which will become costlier in case the rupee value declines against dollar.

Cotton market witnessed gain in prices due to short supply

Related Keywords: cotton bales, cotton belt, gain in cotton price, ginning process, maintained rising trend, mills and spinners, Pakistan Cotton Ginners Association, Pakistan cotton market, ready business, seed cotton price, short supply of quality lint, spot rate

Pakistan cotton market due to short supply of quality lint witnessed overnight gain in cotton price on Saturday. In the ready business, around 13,000 bales of cotton changed hands between Rs 5100 and Rs 5500. The official spot rate maintained rising trend for the second day, gaining further Rs 50 more at Rs 5,300, dealers said.

While, in Sindh, seed cotton prices were at Rs 2000-2200, and Punjab prices at Rs 2500 and Rs 2900.

Pakistan cotton market witnessed surge in trade turnover by 20pc

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.

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