Related Keywords: indulged in forward purchase, mills and exporters, official spot rate unchanged, Pakistan cotton market, prices higher, seed cotton prices, strong demand, uncertainty about size of cotton production
The uncertainty about the size of cotton production with strong demand with some needy mills and exporters indulged in forward purchase kept prices higher at Pakistan cotton market on Wednesday.
In the ready business, over 20,000 bales of cotton changed hands between Rs 4600 and Rs 5450, while in Sindh, seed cotton prices were higher by Rs 100 to Rs 2600 and Rs 2800 and in Punjab prices gained Rs 100-300 to Rs 2600 and Rs 3100, dealers said. But the official spot rate remained unchanged at Rs 5200.
