Related Keywords: cotton contract, decline in daily intake, delay in new crop, depleting stock, drop in volume of business, ginners preffered to wait on sideline, ICE cotton future, lint cotton, official spot rate unchanged, Pakistan cotton market, seed cotton, Spinners
As Ginners preferred to wait on sidelines due to depleted stock and delay in new crop, volume of business dropped on the cotton market on Saturday. According to dealers, the official spot rate remained unchanged at Rs 5450. In the ready session, approximately, 2000 bales between price range Rs 3750-5550 changed hands. Seed cotton rates in Sindh also stayed unchanged at Rs 2000-2600 while in Punjab prices registered at Rs 2400-3100
