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Cotton market witnessed modest trading activity

Related Keywords: both buyers and sellers, cautious business seen, Cotton market, Cotton prices remain firm, modest trading activity, official spot rate unchanged, preferred to be on the sidelines

In the process of modest trading activity on cotton market on Saturday Cotton prices remain firm. A kind of cautious business was seen on the market as both buyers and sellers preferred to be on the sidelines in the process of trading activity. The official spot rate also was unchanged at Rs 6375, dealers said.

In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, the phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg,

Modest trade activity seen at cotton market

Related Keywords: cotton bales, expectation of better rates, failed to go big way, ginners reluctant to dispose their stock, modest trading activity, official spot rate remain unchanged, Pakistan cotton market, spinners laying hands over qualtiy lint

Modest trading activity witnessed at cotton market with spinners laying hands over the quality lint on Tuesday, said dealer. However, according to the market sources, the spinners managed to make deals of fine quality, in the meantime they failed to go in a big way as the ginners were so much reluctant to dispose of their stock in expectation of better rates.

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