Related Keywords: decline in cotton yarn prices, domesitc market, Ginners, Pakistan cotton market, TCP, traders facing huge loss
Pakistan ginners not pleased with current direction of price after the Trading Corporation of Pakistan (TCP) starting its procurement plan. Further due to decline in cotton yarn prices traders are facing huge losses.
At the cotton market on Friday, routine trading took place as mills wanted to meet their regular needs. The official spot rate halted further losses, showing no change at Rs 4,650.
The seed cotton prices in Sindh remained unchanged at Rs 1500 and Rs 2400, in Punjab prices were also static at Rs 2000 and Rs 2500, dealers said.
