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.
