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Related Keywords: cotton bales, cotton cultivation, cotton production, from the new crop, Karachi cotton exchange, likely to increase this year, recorded slow trading, spot rates decreased, with only four transactions

The Karachi Cotton Exchange on Thursday recorded slow trading with only four transactions of 1,700 bales from the new crop at a price of Rs6,350 to Rs6,650/maund.

Trading included 1,000 bales from Shahdadpur, 400 bales from Tando Adam, 200 bales from Hyderabad and 100 bales from Burewala.

The spot rates decreased Rs50/maund to Rs6,300/maund (37.324kg) and Rs6,752/40kg. Ex-Karachi rates also dropped to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Related Keywords: Active trading witnessed, anticipating decline in spot rate, back of grade issue, cotton bales, deals for better grades of lint, immediate need of lint, Karchi Cotton Exchange, KCA, Lint market buyers, paying premium price, spot rates decreased

At lint market buyers were seen making deals for better grades of lint on paying premium price, traders at the Karachi Cotton Association (KCA) said. Most of the buyers made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

The spot rate at KCA remained intact at Rs 6,800 per maund in order to provide support to weak stakeholders of raw grade to ward off minimal price level.

Related Keywords: cotton market recorded only two transactions, Ex-Karachi rates also decreased, Karachi Cotton Association, Karachi cotton exchange, season end trading at low prices, season is nearing end, slow trading, spot rates decreased

Slow trading seen at the Karachi Cotton Exchange on Tuesday, while spot rates decreased Rs50/maund to Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also decreased to Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

The cotton market recorded only two transactions of around 1,400 bales at the price in between Rs6,900 and Rs6,925/maund. Rahimyar Khan’s 1,000 bales were traded at Rs6,900 to Rs6,925/maund and 400 bales of Sadiqabad exchanged hands at Rs6,925/maund.