At lint market, buyers made majority deals which were grade-selective while some buyers made deals for second grade stuff on premium price. Forward deals also changed hands as buyers consolidated inventories in Sindh and Punjab stations during trading session, floor brokers said.
Buyers made deals on slightly higher price on shrinking better grades of lint that also kept general prices in green zone. Buyers also made deals for all grades besides deals for fine and second grade lint for blendi
US-based International Cotton Advisory Committee (ICAC) foresees uncertain cotton prices in 2017-18 despite a projected production increase of 8 per cent worldwide and a rise in consumption by 2 per cent. World cotton trade is projected to decline by 1 per cent to 7.8 million tonnes. India is expected to be the largest producer with a 6 per cent output rise.
The ICAC, formed in 1939, is an association of members of cotton producing, consuming and trading countries.
The A Index (a proxy for
