Related Keywords: cotton bales, Cotton market, cotton prodcution, easy supply position, falling trend persisted, Modest trade, official spot rate dropped further, prices showed softness, seed cotton prices
In the process of modest trade at cotton market falling trend persisted on Friady, dealers said. Also, the official spot rate dropped further by Rs 100 to Rs 6,400. Market sources said that in the early session, prices showed softness due to reports of easy supply position.
In Sindh, seed cotton prices were unchanged at Rs 3000-3300 and in Punjab rates of Phutti, followed same trend, showing no change at Rs 2600-3200, per 40 kg. Meanwhile, in ready business, around 13000 bales of cotton changed hands between Rs 6300 and Rs 6650.
