KARACHI: Cotton trading remained moderate and buyers made deals on slightly higher price amid firm physical prices, traders said. Forward deals for a month period also changed hands that pushed physical prices in green zone. The Karachi Cotton Association (KCA) readjusted the overnight spot rate by Rs 50 per maund to stay at Rs 6,650 per maund. Floor brokers said buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,475 per maund to Rs 6,675 per maund during the trading session. A senior trader, Ghulam Rabbani said mills consolidated their long positions and made deals for second grade on paying premium price for it. The shrinking fine lint put general price in firm zone and buyers also made forward deals on slightly higher price at around Rs 6,650 per maund in Sindh and Punjab stations. The private exporters consolidated their long positions through buying from old stocks while market remained in steady tones. The buyers remained selective on grade and consolidated their future positions with fresh fine lots, he added. According to KCA, 100 bales of Bahawalpur changed hands at Rs 6,450 per maund, 100 bales of Multan at Rs 6,550 per maund, 100 bales of upper Sindh at Rs 6,425 per maund and 100 bales of southern Punjab at Rs 6,600 per maund. In domestic market buyers remained eager for quality lint on the back of growing demand of end products. The ginners of Punjab offered cotton of all grades to the buyers around Rs 5,975 per maund to Rs 6,775 per maund while ginners of Sindh offered low-grade of lint to the buyers around Rs 5,975 per maund. New York Cotton July Futures 2017 contract closed at 75 cents per pound, October Futures 2017 contract at 76 cents per pound and Cotlook A Index was hovering at 85 cents per pound. Published in Daily Times, June 23rd, 2017.