Related Keywords: cotton bales, ginneries, Karachi Cotton Association, Karachi cotton exchange, on Monday at cotton market, prices remaining firm, seed cotton, slow flow of phutti, Slow to moderate trading witnessed, slow trading was recorded, spot rate remained steady, sustained demand from spinners
Slow to moderate trading was witnessed on Monday at the cotton market with prices remaining firm. Though there was sustained demand from spinners for cotton but slow flow of phutti (seed cotton) from fields into ginneries restricted activity.
The new spell of rain expected from next week concerns cotton trade as it may affect the crop in its current growing stage, brokers said.
However, so far the cotton crop is remained safe and sowing also went smoothly on slightly larger area thus strongly indicating that crop size would be larger than last year.
