Related Keywords: Cotton market, cotton season, higher consumption of cotton, KCA, qaulity lint, spinners worry over
The higher consumption of cotton this season by the textile industry has left reduced stocks of cotton with ginners which is also worrying spinners who have yet to see the season through.
On Tuesday at the cotton market, as quality lint remained in short supply against higher consumption, the cotton prices move upwards. But,the Karachi Cotton Association (KCA) kept its official rates fixed at Rs5,000 per maund.
The cotton analysts failed to understand as to why the KCA left its rates unchanged despite substantial increase in prices on ready deals.
