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Cotton market witnessed prices hitting season’s high

Related Keywords: Baloch cotton produced around 5000 bales per year, cotton bales, more or less 200 bales of Baloch cotton sold, official spot rate was higher by Rs 50, Pakistan cotton market, prices hit seasons high, ready session, Sindh seed cotton prices were up

At Pakistan cotton market, prices hit season's high on Wednesday and the official spot rate was higher by Rs 50 to Rs 6500, dealers said. According to dealers more or less 200 bales of Baloch cotton sold at Rs 7000, Baloch cotton produced around 5000 bales per year.

In Sindh seed cotton prices were up by Rs 100 to Rs 2800-3300, in the Punjab rates were at Rs 2900-3400, as per 40 kg. Besides, in the ready session, over 25,000 bales of cotton changed hands between Rs 5600-6800.

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