Related Keywords: cotton bales, Cotton market, despite strong mill buying, Improvement in seed cotton arrivals, prices not showing improvement, prices remained under pressure, ready business
With the improvement in arrivals of seed cotton, prices remained under pressure on the cotton market on Monday, according to the dealers. In both Sindh and Punjab, seed cotton prices were at Rs 3000 and Rs 3200 per 40 kg, respectively.
The official spot rate continued falling trend, losing more Rs 200 to Rs 6,200, dealers said.
In ready business, around 20,000 bales of cotton changed hands between Rs 6400 and Rs 6500, dealers said.
