Related Keywords: continued day to day buying, cotton buying, depending on everyday need, KCA, Pakistan cotton market, remained stable, spot rate unchanged, textile mill owners, trade turnover stable
Cotton buying remained stable with textile mill-owners continuing to make day-to-day buying depending on their everyday need, a dealer said on Wednesday. At the local market the trade turnover of cotton maintained stability at 3,500 bales (155 kilogram each).
According to brokers at the Karachi Cotton Exchange, medium to small size cotton yarn manufacturers, on an average, are buying up to 5,000 bales per day, while some of the big textile mill-owners are also in the markets for selling the commodity from their reserves built at a comparatively cheaper rate.
