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Related Keywords: buying the commodity, Cotton market, ginners not ready to lower prices. keeping trading activity slow, higher rate, spinners showed reluctance, strong demand for quality cotton, Textile Industry

At cotton market, spinners showed reluctance in buying the commodity at a higher rate as ginners were not ready to lower prices keeping trading activity slow on Thursday.

Though there was strong demand for quality cotton, ginners refused to lower prices which restricted trading activity. Growers were also keeping phutti (seed cotton) on higher side.

Market sources said that growers – who have already sold almost half of their cotton crop in a short period of two months – feel financially strong and are not in a hurry to dispose of the remaining crop.

Related Keywords: Buyers keen to build up stock, cotton bale, Cotton market, Cotton prices remain firm, equally not ready to pay extra price for lint. sellers knowing about shortage of quality cotton, fully exploit the situation, KCA, spot rate unchanged, strong demand for quality cotton

Cotton prices remain firm with strong demand for quality cotton on Wednesday at cotton market. Buyers were keen to build up stock but they were equally not ready to pay extra price for the lint. Whereas, sellers on their part knowing about the shortage of quality cotton wanted to fully exploit the situation.

Both sellers and buyers tried to turn the situation in their favour. Nevertheless, needy spinners managed to finalize some deals at high rates as they were not ready to take risk due to rising cotton prices in most of the world markets.