Related Keywords: cotton bales, decline in prices of seedcotton, due to fear of rain, global weakness in cotton and yarn prices, invited tender for the sale . old crop cotton, lint prices reported decline, Pakistan raw cotton prices, remain under pressure, Trading Corporation of Pakistan
Pakistan’s raw cotton prices due to fear of rain damage which may produce water-laden lint due to the continuing rainfall in several parts of the cotton belt remain under pressure. Moreover, global weakness in cotton and yarn prices is also pressuring the cotton prices.
Within a week or so, prices of seedcotton (Kapas/Phutti) have also reportedly declined by about Rs 200 per 40 Kilogrammes. The seedcotton prices in Sindh on Thursday ranged from Rs 1700 to Rs 2200 per 40 Kgs, while in the Punjab it ranged from Rs 1700 to Rs 2300 per kgs in a quiet market.
