Related Keywords: cotton price, Ginners, lint consumption, Pakistan cotton market, Spinning mill
Pakistan cotton market which witnesses stability or increase in prices especially during the starting months of the season every year, sees the prices taking a drop by up to Rs600 to Rs6,000 this time. Further due to the cutback in lint consumption, prices came under pressure on Wednesday on the cotton market.
According to cotton broker, the prices of seed cotton (phutti) have also declined as the prices of cottonseed (Banola) have seen a drop of Rs150, to Rs1,800. The Karachi Cotton Association (KCA) reduced its spot rate by Rs100, to Rs6,100.
