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Related Keywords: 100 per maund, anticipating prices, cotton bales, creating artificial shortage, Ginners, highest for ongoing season, KCA, move higher in coming days, rates of commodity soaring to Rs8, reap bigger profits, Rising cotton prices continued, shortage of quality lint, spot rates, started to hold back stocks

Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.

Related Keywords: amid firm physical prices, cotton trading, forward deals for a month period, Karachi Cotton Association, readjusted overnight by rupees fifty, remained moderate, second grade of lint, shrinking fine lint, spot rates, traders

Cotton trading remained moderate amid firm physical prices, traders said. At the The Karachi Cotton Association (KCA) spot rates were readjusted overnight by Rs 50 per maund to stay at Rs 6,650 per maund.

Forward deals for a month period also changed hands that pushed physical prices in green zone. Floor brokers said that buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,475 per maund to Rs 6,675 per maund during the trading session.

Related Keywords: availability of little stocks, cotton bales, cotton market on Thursday, Ginners, ginners willing to offload lint, increased fifty per maund, Karachi cotton exchange, Normal trading witnessed, not ready to sell at lower rates, spot rates

Normal trading was witnessed at cotton market on Thursday despite availability of little stocks with the ginners. While, the spot rates at the Karachi Cotton Exchange increased Rs50/maund.

The spot rates increased to Rs6,800/maund (37.324kg) and Rs7,288/40kg. Ex-Karachi rates also rose to Rs6,935/maund and Rs7,433/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

According to an analyst, normal trading was recorded despite as there are talks of new crop, ginners are willing to offload their lint, but they are not ready to sell at lower rates.