Related Keywords: constant demand by mills and spinners, cotton bales, Cotton prices rise, heavy rains, new cotton crop, official spot rate higher, Pakistan cotton market, prices could go up further after Eid-ul-Fitr, Punjab phutti prices, Sindh seed cotton prices
Cotton prices rise further due to heavy rains and persistent demand by mills and spinners, at cotton market on Wednesday, dealers said. The official spot rate was higher by Rs 50 to Rs 5,750. In Sindh seed cotton prices were at Rs 3100-3300 while in Punjab phutti prices were at Rs 3100 and Rs 3350, per 40 kg, respectively.
According to the market sources, cotton prices moving up with the passage of time the world over owing to shortage problem.
