Related Keywords: 000 mark, 050 per maund, crossing above the Rs7, Prices at cotton market, second time in the season, short supply of quality lint, spinners preferred to get quality lint, strong buying was witnessed on Monday, to reach Rs7, trading activity remained restricted, willing to pay premium price for Sindh variety
Prices at cotton market for the second time in the season seen crossing above the Rs7,000 mark to reach Rs7,050 per maund. However, strong buying was witnessed on Monday as spinners preferred to get quality lint and were willing to pay premium price for Sindh variety. But the trading activity at cotton market remained restricted due to short supply of quality lint.
Also the rupee-dollar parity is going to impact cotton imports which will become costlier in case the rupee value declines against dollar.
