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Related Keywords: cotton contract, decline in daily intake, delay in new crop, depleting stock, drop in volume of business, ginners preffered to wait on sideline, ICE cotton future, lint cotton, official spot rate unchanged, Pakistan cotton market, seed cotton, Spinners

As Ginners preferred to wait on sidelines due to depleted stock and delay in new crop, volume of business dropped on the cotton market on Saturday. According to dealers, the official spot rate remained unchanged at Rs 5450. In the ready session, approximately, 2000 bales between price range Rs 3750-5550 changed hands. Seed cotton rates in Sindh also stayed unchanged at Rs 2000-2600 while in Punjab prices registered at Rs 2400-3100

Related Keywords: cotton lint, cotton production, ginners not ready to sell, limited business, official spot rate unchanged, Pakistan Cotton Ginners' Association, Pakistan cotton market, rise in prices, selling rate

Mills and spinners kept on the sidelines as ginners were not ready to oblige them in anticipation of rise in prices in times to come. Hence, limited number of deals were finalized on the cotton market on Monday. The official spot rate also remained unchanged at Rs 5300, dealers said.

In the ready session, over 2,000 bales of cotton changed hands between Rs 4300 and Rs 5500 (conditional). The prices of seed cotton in Sindh were at Rs 1900 and Rs 2500 and in Punjab rates were at Rs 2200 and Rs 3000.