Related Keywords: cotton lint, cotton production, ginners not ready to sell, limited business, official spot rate unchanged, Pakistan Cotton Ginners' Association, Pakistan cotton market, rise in prices, selling rate
Mills and spinners kept on the sidelines as ginners were not ready to oblige them in anticipation of rise in prices in times to come. Hence, limited number of deals were finalized on the cotton market on Monday. The official spot rate also remained unchanged at Rs 5300, dealers said.
In the ready session, over 2,000 bales of cotton changed hands between Rs 4300 and Rs 5500 (conditional). The prices of seed cotton in Sindh were at Rs 1900 and Rs 2500 and in Punjab rates were at Rs 2200 and Rs 3000.
