Related Keywords: amid improved exports, continued to book big lot deals, cotton prices hit to a seasonal high, deals in Sindh variety cotton were transpired, for new crop, KCA, local market remained highly volatile, meet rising demand, Pakistan cotton market, panicked spinners, slow arrivals of phutti, spot rate
As panicked spinners continued to book big-lot deals to meet their rising demand amid improved exports, cotton prices hit to a seasonal high for new crop on Thursday at cotton market.
The local market also remained highly volatile as slow arrivals of phutti (seed cotton) failed to meet a surge in cotton demand from spinners, influenced by global factors of a big gap between demand and supply, brokers said.
Most deals in Sindh variety cotton were transpired at Rs6,350 per maund (around 38 kilograms) and that of Punjab quality at Rs6,400 per maund.
