Related Keywords: cotton bales, Cotton market, expectation of attractive profit, ginners raised asking prices, in anticipation of getting better rates, official spot rate remain unchanged, slow pace, trading activity
At cotton market, trading activity took a slow pace on Tuesday as the ginners raised asking prices in anticipation of getting better rates and in expectation of attractive profit in the coming days. The official spot rate also remained unchanged at Rs 6375, dealers said.
In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg.
According to market sources, trading activity came under pressure since the week started in the absence of fresh leads.
