Related Keywords: despite strong demand from spinners, Ginners demanded higher prices, ginners reluctant to dispose of stocks, influenced by soaring world cotton prices, KCA, prevailing prices, spot rates remained unchanged, Trading activity remained dull at cotton market
Trading activity remained dull at cotton market on Tuesday as ginners were reluctant to dispose of their stocks at prevailing prices, despite strong demand from spinners. Ginners were demanding higher prices influenced by soaring world cotton prices.
However, spinners were unwilling to pay high prices to avoid compromising their competitive edge. The shortage of quality cotton and limited stocks of unsold cotton with ginners also impacted trading.
The Karachi Cotton Association (KCA) spot rates remained unchanged.
