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Fair trading activity seen at cotton market in Pakistan

Related Keywords: fair trading activity, Ginners, lint prices, Pakistan cotton market, phutti, slump in cotton yarn market, spinner exporter, TCP, world market

The cotton market in Pakistan on Tuesday witnessed fair trading activity on Tuesday. According to floor brokers, slump in cotton yarn market coupled with falling trend in world markets is keeping preĀ¬ssure on lint prices.

Other major factors affecting cotton prices are higher arrivals of phutti (seed cotton) but slow off-take of cotton from spinners and exporters.

Continued downward trend seen in cotton price in Pakistan market

Related Keywords: cotton price, Ginners, ginning factories, Karachi Cotton Association, lint prices, Pakistan cotton market

Pakistan cotton market has been witnessing a continued downward trend in cotton prices throughout this week. Lint prices have been declining regularly and the cotton market is quite bearish. The ex-gin price as determined by the Karachi Cotton Association (KCA) lost Rs 300 per maund (37.32 Kgs) of grade III cotton.
 

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