KARACHI: Cotton trading was lacklustre on Monday as ginners kept asking for higher rates for quality lint but spinners were not ready to cross certain price limit.
Activity as a whole on the market remained extremely slow and devoid of much-needed enthusiasm. Depleting stocks of cotton held by ginners are factor behind rising prices.
The Karachi Cotton Association spot rates remained steady at weekend level.
Trading on ready counter was extremely slow and limited where only one deal of 1,000 bales from Khanpur was finalised at record price high at Rs5,650 per maund.
Published in Dawn, April 28th, 2015
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