Related Keywords: Cotton market, cotton price stayed firm, fewer arrivals of phutti, Karachi cotton exchange, major textile players, no transaction recorded, price of phutti, remained cautious amid short supply, Spinners and ginners, spot rates remained unchanged
As both spinners and ginners remained cautious amid short supply, the cotton market on Wednesday stayed firm. While at the Karachi Cotton Exchange on Wednesday, no transaction was recorded. Spot rates also remained unchanged at Rs6,650/maund (37.324kg) and Rs7,127/40kg.
Ex-Karachi rates also remained firm at Rs6,785/maund and Rs7,272/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
