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Pakistan:Lacklustre cotton trading session on Friday at KCA |
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2005-4-5
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Buyers remaining away from the market led to dull trading on the Karachi Cotton Association market on Friday.
Spinners are awaiting the government decision on disposal of 1.6 million cotton bales of TCP, which was expected in the first week of April.
Ginners are encumbered with an estimated stock of 450,000 bales.
Each day 15000 bales are traded among spinners and ginners at the factory gate, however, this stock will not last beyond the end of this month.
Depending on quality of the stocks the cotton prices varied for both Sindh and Punjab cotton between Rs2150/2350.
However, the official spot rate stood at Rs2250. |
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