Related Keywords: Cotton prices failed to maintain rising trend, due to declining rates, due to transportation problem, falling interest among buyers, ginners did not take interest in fresh buying, leading buyers and sellers were on the sidelines, local cotton market on Saturday, seed cotton price, trade activity came down ahead of Eid-ul-Fitr holiday
Prices failed to maintain rising trend on the local cotton market on Saturday due to falling interest among buyers, according to dealers. According to some brokers, trade activity came down ahead of Eid-ul-Fitr holiday.
The official spot rate shed Rs 50 to Rs 5,900, dealers said.
In Sindh seed cotton prices were at Rs 2900-3200 while in Punjab phutti prices were at Rs 3000 and Rs 3200, per 40 kg, respectively, dealers said.
In ready business, around 400 bales of cotton changed hands at Rs 6150.
