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Cotton market stands firm

04
Jun '08
For the past few days, the spot rates at the Karachi Cotton Association (KCA) remained firm at Rs3,700 per maund and demand for fine lint moved on to the higher side.

Although there is a price rise, rush in the market is quite evident from high trades.

Around 13,466 contracts were inked for July 2008, while near about 467 contracts were traded under October 2008 and the volume of contracts traded under December 2008 cover reached almost 9,930.

Since January this year, cotton prices are moving up at a high speed. Experts expect a bullish market trend in the coming days.

For complete quotation of today's price click here

Karachi Cotton Association


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