Related Keywords: although strong demand for cotton yarn, Amid increase in cotton prices, domestic market, falling exports of textile goods, KCA, spot rate raised by rs fifty, trading activity at the cotton market slowed down, worried spinners who preferred to stay away from the trading ring
Amid increase in cotton prices, trading activity at the cotton market slowed down on Monday. Although there is strong demand for cotton yarn in the domestic market, falling exports of textile goods worried spinners who preferred to stay away from the trading ring.
The Karachi Cotton Association raised its cotton rates by Rs50, to Rs6,750 per maund (around 37kg)
Secondary buyers made deals for all grades of lint according to their immediate needs on back of grade issue and in anticipation of decline in spot rate.
