Related Keywords: accelerated local market, Cotton market, increasing interest of Indian spinning mill owners, increasing trend in its prices, KCA, Pakistani cotton, prices in both Indian and Pakistani markets, short supply of cotton, slowed down trading activity, spot rate, strong demand from spinners, yet brisk trading
Although short supply of cotton to some extend slowed down the trading activity at the cotton market yet brisk trading was seen on Friday amid strong demand from spinners. Cotton brokers said that increasing interest of Indian spinning mill owners in Pakistani cotton has accelerated the local market.
The Karachi Cotton Asso¬ciation, however, reduced its spot by Rs50, to Rs5,550 per maund.
According to cotton brokers, July will be very crucial month in connection with the cotton as there is an increasing trend in the prices of cotton in the Indian cotton market.
