Related Keywords: agriculture experts advised farmers, appreciation in the dollar's rate, damaging next crop, destroy remains of cotton crop, eliminate pests, fearing rise of short supply, official spot rate down, Pakistan cotton market, survive on cotton, trading activity showed improvement
Trading activity at Pakistan cotton market showed improvement on Tuesday fearing rise of short supply, according to dealers. In Sindh, seed cotton prices were at Rs 2200 and Rs 2800 and in the Punjab, rates were at Rs 2300 and Rs 3000. The official spot rate was down by Rs 50 to Rs 5,300.
In the ready business, deals of over 14,000 bales of cotton finalised between Rs 5125 and Rs 5600. Dealers said.
According to cotton analyst, Naseem Usman, there is no fundamental change to observe just mills and spinners were making deals to keep themselves away from future losses.
