Related Keywords: cotton bales, creating uncertainties among mills and spinners, decline in Indian cotton production, domestic spot market, dwindling stock of quality lint, ginners raised asking price, no single deal finalized, official spot rate remained unmoved, Pakistan cotton market, Punjab prices, spinners show no interest in fresh buying
With dwindling stock of quality lint, ginners have raised asking price of quality lint due to which not a single deal was finalized on the cotton market on Monday. The official spot rate also remained unmoved at Rs 5,350 dealers said. In the Punjab prices were at Rs 2400 and Rs 3100.
According to market sources, some of the ginners who held back quality lint on hopes of better income in the coming days, raised asking prices, but the spinners showed no interest in fresh buying.
