Related Keywords: active buying from mills, cotton bales, cotton trading, curtail in supply of seed cotton, increase in rate, official spot rate. seed cotton prices, Pakistan cotton market, supply of phutti
The Pakistan cotton market on Tuesday amid curtails in supply of seed cotton, causing increase in rate, witnessed some active buying from mills. The official spot rate was higher by Rs 50 to Rs 4,500, while seed cotton prices in Sindh were at Rs 2200 and Rs 2400 and in Punjab rates were at Rs 1800 and Rs 2500, dealers said.
In the ready business, around 15,000 bales of cotton changed hands between Rs 4475 and Rs 4800. The prices moved up slightly due to slight fall in supply of phutti.
