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Cotton market saw firmness in prices on moderate trade

Related Keywords: buyers remained in forefront, buying spree, continue to remain firm, cotton bales, cotton prices, moderate trade, official spot rate remained unmoved, Pakistan cotton market, reload stock, seed cotton prices, Spinners

Cotton prices at Pakistan cotton market continue to remain firm on moderate trade on Friday as buyers remained in the forefront of buying spree to reload their stock, according to dealers. The official spot rate remained unmoved at Rs 6300.

In Sindh, seed cotton prices were at Rs 2600-3300, while in Punjab, phutti rates were at Rs 2800 and Rs 3550, as per 40 kg, dealers added.

No trading activity seen happening at cotton market

Related Keywords: cotton bales, creating uncertainties among mills and spinners, decline in Indian cotton production, domestic spot market, dwindling stock of quality lint, ginners raised asking price, no single deal finalized, official spot rate remained unmoved, Pakistan cotton market, Punjab prices, spinners show no interest in fresh buying

With dwindling stock of quality lint, ginners have raised asking price of quality lint due to which not a single deal was finalized on the cotton market on Monday. The official spot rate also remained unmoved at Rs 5,350 dealers said. In the Punjab prices were at Rs 2400 and Rs 3100.

According to market sources, some of the ginners who held back quality lint on hopes of better income in the coming days, raised asking prices, but the spinners showed no interest in fresh buying.

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