Related Keywords: cotton prices moving higher, deprive the industry of raw material, fast dwindling stock, KCA, Pakistan cotton market, spinner unable to get quality lint, spot rate, touch new high level, world cotton market
Cotton prices moving further higher to touch a new high level on Thursday due to fast dwindling cotton stocks in the Pakistan cotton market. Many needy spinners continued to look for quality lint, but mostly disappointed.
The textile industry is not only expressing concern over the rapidly falling cotton stocks but also for many export-oriented spinning units who have to meet their foreign commitments are unable to get quality lint.
The fear of long delay in the arrival of next crop, which will not reach ginneries before the end of July, is being feared by textile industry.
