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Cotton trading continue at slow pace, price reduced by Rs.50

Related Keywords: cotton price, cotton trading, ginner, Karachi Cotton Association, new crop, Pakistan cotton market, Pubjab spinners

With buyers reluctant to enter into big deals trading at Pakistan cotton market continued at slow pace. Only around 2,500 bales from new crop have so far been sold by ginners which were mostly lifted by Punjab spinners. Around seven to eight ginning units have started operating in Sindh and five in Punjab. However, all these ginneries are getting raw cotton supplies from lower Sindh where crop normally matures earlier than other cotton-growing belts of the country.

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