Related Keywords: ahead of PCGA fortnightly report, China plans to cut production, cotton bales, indulged in fresh buying, leading buyer, market sources, Pakistan cotton market, seed cotton, Spinners, spot rates remained unchanged, trading activity improved
With some leading buyers indulged in fresh buying ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly report due shortly, trading activity on the cotton market witnessed improved on Wednesday, according to market sources.
In the ready business, about 4000 bales of cotton changed hands between Rs 4700 to Rs 5600, dealers said.
However, the official spot rate remained unchanged at Rs 5,350. While, in Sindh, prices of seed cotton remained between Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000.
