Related Keywords: ahead of Eid-ul-Azha holidays, amid strong demand from spinners, cotton bales, Cotton market, Cotton prices remain firm, due to increase in supply of Phutti, keen to replenish their stocks, long-time, official spot rate stayed unchanged, prices halted decline, prices of cotton, seed cotton prices, under pressure
Cotton prices remain firm amid strong demand from spinners, who were keen to replenish their stocks ahead of Eid-ul-Azha holidays at cotton market on Friday, dealers said. The official spot rate stayed unchanged at Rs 5,850. Some brokers said that after a long-time, prices halted decline.
In Sindh, seed cotton prices were at Rs 2800-3050 and in Punjab rates of Phutti were at Rs 2500-2900, as per 40 kg, they said. In ready business, around 15,000 bales of cotton changed hands between Rs 6000 and Rs 6100, dealers said.
