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Related Keywords: amid modest trade, best quality of seed cotton, cotton bales, Cotton market, Cotton prices remain stable, official spot rate up, rates of Phutti dropped, seed cotton prices unchanged

Prices remain stable amid modest trade at the cotton market on Tuesday, dealers said. In Sindh, seed cotton prices were unchanged at Rs 3300-3500 and in Punjab rates of Phutti dropped by Rs 100 to Rs 3100-3450, in Balochistan, best quality of seed cotton was available at Rs 3650, per 40 kg.

But the official spot rate was up by Rs 50 to Rs 6,600.

In ready business, around 8,000 bales of cotton changed hands between Rs 6650 and Rs 6850, they said.

Related Keywords: cannot achieve without reducing cost of production, cotton bales, Cotton market, export target, ginners have only two million bales of unsold stock, official spot rate up, on dwindling stock, PRGMEA, ready business, witnessed fresh buying interest by spinners and mills

Cotton market witnessed fresh buying interest by spinners and mills on Tuesday as the ginners have only two million bales of unsold stock, dealers said. In the ready business, around 5000 bales of cotton changed hands between Rs 4200-5800.

However, the official spot rate was down by Rs 50 to Rs 5,600 while in the Punjab, prices showed no change at Rs 3100 and Rs 3400, dealers said.

Related Keywords: Cotton market witnessed further push in rates, demand and supply, importing cotton to keep balance, mills started forward buying, official spot rate up, rising demand by mills, save from losses

Cotton market witnessed further push in the rates on Wednesday due to the rising demand by mills. It is observed by some leading brokers that the mills have started forward buying to save themselves from losses. The supply position is despite the fact that country is importing cotton to keep a balance between demand and supply.