Related Keywords: cotton bales, Cotton market, decline in fresh arrival, fall in arrivals of seed cotton, ginners to raise asking prices, late sowing, official spot rate picked up, Prices recovered slightly, Punjab station
Prices recovered slightly on the cotton market on Tuesday with the fall in arrivals of seed cotton from the Punjab station due to late sowing, dealers said. In both Sindh and Punjab, seed cotton prices were at Rs 3000 and Rs 3200 per 40 kg, respectively.
The official spot rate picked up Rs 50 to Rs 6,250, dealers said. In ready business, around 8,000 bales of cotton changed hands between Rs 6450 and Rs 6700.
