Related Keywords: after price rose in India, diverted to Pakistan to buy yarn, fear it would deteriorate the quality of cotton, importers from Bangladesh, lessen its weight, local demand has moved cotton prices higher, local ginners have stepped up selling, Rise in yarn exports, start of hot and dry weather
On the back of rise in yarn exports as importers from Bangladesh have diverted to Pakistan to buy yarn after price rose in India and the local demand has moved cotton prices higher on Friday, brokers said.
Indian spinners have also booked around 1.5 million bales for import and plan to import equal quantity in the coming days.
Besides, local ginners have stepped up selling with the start of hot and dry weather as they fear it would deteriorate the quality of cotton and lessen its weight.
