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Related Keywords: 10 percent growth, cotton output, cotton prices, declining trend, easy trend, higher phutti arrival, KCA, lint price, lower petroleium price, man-made fiber cheap, Pakistan cotton market, Pakistan textile industry, TCP, world market

With higher phutti (seed cotton) arrivals into the market and an ongoing easy trend on world market has lead to further fall in cotton prices on Thursday.

The Karachi Cotton Association (KCA) cut its spot rates for second consecutive session by Rs100 to Rs4,650 a maund, indicating the mounting pressure on lint prices.

The declining trend in lint prices world over has multiplied pressure on the domestic market .

The Trading Corporation of Pakistan’s (TCP) procurement drive seems to be failing as lint prices have dropped by between Rs300 and Rs350 since its start.

Related Keywords: cost-effective, Cotton market, cottonseed, fine grade, ginneries, KCA, Mills, Pakistan cotton market, Punjab traders, range bound trading, Spinners

Growing demand for fine grades was seen on cotton market amidst range bound trading, while prices of all grades remained cost-effective on cotton market this Monday.
 

Related Keywords: cotton industry, KCA, Pakistan cotton market

Cotton prices witnessed stability after recording correction for last two consecutive sessions at Pakistan cotton market. There was lack of trading activity happening on Friday; only a few small lot transactions by some needy mills took place.