Pakistan cotton trading expected to remains slow

YarnsandFibers News Bureau 2014-02-02 16:40:00 – Karachi

Cotton trading is expected to remain slow in Pakistan till world leading buyer of the commodity, China returns to work on February 7. However, a few of the mill-owners are making some buying as per their needs.

The situation helped cotton markets generate moderate turnover on a daily basis.

Meanwhile, the KCA kept its cotton spot rate unchanged for the fourth working day at Rs6,950 per maund.

Traders exchanged a total of 3,300 bales (155 kilograms each) at Rs6,850 to Rs7,100 per maund (37.324 kilograms) as compared to 5,460 bales traded at Rs6,100 to Rs7,100 per maund a day ago, it said.

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