Related Keywords: buying spree, cotton bales, cotton imports from India, cotton yarn, exporters, KCA, Leading spinners, Pakistan cotton market, phyto sanitary certification, pushing prices higher, rising demand for quality cotton, spot rate rise, Textile Industry, trading activity
Trading activity at Pakistan cotton market witnessed rising demand for quality cotton pushing prices higher on Thursday where leading spinners and some exporters remained in the front of buying spree.
The Karachi Cotton Association’s spot rates saw rise by Rs50, to Rs6,300 per maund (around 37 kilograms).
Buyer remain under panic due to confusion over cotton imports from India and indirect ban based on reports that Indian cotton shipments failed to fulfil phyto-sanitary certification, threatening the $822 million-a-year trade.
