KARACHI: Fairly brisk activity was noted on the cotton market on Friday as strong demand from needy spinners pushed cotton prices up.
Spinners were able to grab some big deals of quality lint.
Dwindling cotton stocks as the season nears its end are causing small spinners to panic as they have been unable to meet their seasonal demand.
Soaring world cotton prices also influenced the domestic market. According to the latest US Department of Agriculture report, exports during the last week increased by 31 per cent, pushing cotton prices up in New York.