Related Keywords: Cotton market, cotton prices, expected rise in phutti supply, may pick up in coming days, official spot rate unchanged, participants busy exchanging Eid greetings, post holiday sesssion, rates may not move up sharply, remained firm, trading activity
Prices at the cotton market remained firm during the post holiday session on Saturday, dealers said. According to the market sources, holiday mood persisted as almost all participants were busy in exchanging Eid greetings.
The official spot rate was unchanged at Rs 5,800, while in Sindh and Punjab, prices of seed cotton were at Rs 2700-3100, per 40 kg, respectively.
In ready business, around 1000 bales of cotton changed hands between Rs 6050 and Rs 6100, dealers said.
