Related Keywords: cotton bales, Cotton market witnessed lacklustre conditions, Karachi Cotton Association, leading buyers remained preoccupied in clearing their accounts, official spot rate remain unchanged, production report released by the ginners body, Punjab phutti rates, seed cotton prices, spinners focusing on cotton imports from India
The cotton market witnessed lacklustre conditions on Tuesday as most leading buyers remained preoccupied in clearing their accounts. The Karachi Cotton Association official spot rate remain unchanged at Rs 6250. While, in Sindh, seed cotton prices were at Rs 2600-3250 and in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg, according to dealers.
Furthermore, spinners are currently focusing on cotton imports from India because the production report released by the ginners’ body has not shown encouraging figures and estimated to be around 10.08 million bales.
