Related Keywords: cotton bales, current stocks of cotton, increase in cotton prices, KCA, Pakistan cotton market, short supply and strong demand, spot rate revised, sufficient to meet textile industry demand
Increase in cotton prices was witnessed on Wednesday due to short supply and strong demand from spinners. According to market estimates, the current stocks of cotton in Pakistan are sufficient only to meet textile industry’s demand till end-April.
The delay in sowing of next cotton crop (2015-16) is also creating panic among spinners who will have to wait for another four to five months to get stocks from new crop.
