Related Keywords: cotton production, delay in arrival of next crop, demand for quality lint, from spinners, ginners reluctant to sell stock, KCA, Pakistan cotton market, prices remained firm, spot price reduced, trading slow
Despite demand for quality lint from spinners, trading was slow as ginners were reluctant to sell their stocks at this juncture which kept prices firm on the cotton market on Thursday. Expected delay in the arrival of next crop is another reason which is keeping prices higher, brokers said.
Floor brokers said that the final phutti (seed cotton) arrival figures expected to be released next month could place total cotton production for the current season at around 14.9 million bales.
