Related Keywords: China, conditional import of cotton from India, cotton prices dropped, declining trend in global market, forced buyers to keep on the sidelines, KCA, Process of modest trading activity, seed cotton price, short supply, spot rate lower
In the process of modest trading activity, cotton prices dropped on Tuesday. According to the market sources, conditional import of cotton from India and declining trend in the global market, particularly in China forced buyers to keep on the sidelines. The official spot rate was lower by Rs 50 to Rs 6250.
In Sindh, seed cotton prices were at Rs 2600-3250 while in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg, dealers said.
