Related Keywords: at Pakistan Cotton market, export cotton bales, gap between demand and supply narrowed, mills and spinners contuned purchasing, Price and trade turnover remained stable, ready businees, spot rate remain static
Price and trade turnover at cotton market remained stable as the gap between demand and supply narrowed down significantly and with mills and spinners continued purchasing on Thursday ahead of Ashura holidays. In the ready business, over 16,000 bales of cotton changed hands between Rs 4750 and Rs 5600, dealers said.
The official spot rate was static at Rs 5350. While in Sindh, seed cotton prices were unchanged at Rs 2600 and Rs 3000 and in Punjab rates also depicted no change at Rs 2800 and Rs 3100, dealers said.
