Related Keywords: arrival of quality lint slow, cotton bales, Cotton market, leading mills and spinners, market sources, official spot rates, sluggish demand, unchanged, witnessed modest trading activity
Cotton market on Tuesday witnessed modest trading activity, dealers said. The official spot rates unchanged at Rs 6250. According to the market sources, arrival of quality lint was slow, which caused sluggish demand by leading mills and spinners.
As per dealers, the seed cotton prices in Sindh were at Rs 2600-3200 and in Punjab rates were at Rs 2800-3400, per 40 Kgs.
Cotton analyst, Naseem Usman said that the cotton yarn market continues to be sluggish, it looks that present trend may maintain for the near future..
