Related Keywords: CCIC, China Cotton Association, Cotton imports plunged, cotton market on Saturday, flow of seed cotton gradually raising daily in-take, maintaining present levels, process of trading, quality is improving, rise in cotton price, sustained buying by mills and spinners
Rise in cotton price was seen on sustained buying by mills and spinners on the cotton market on Saturday, dealers said. According to market sources, sustained demand by spinners and mills did not allow prices to look down, instead maintaining present levels in the process of trading.
The official spot rate was higher by Rs 50 to Rs 6,550, dealers said. In Sindh, seed cotton prices were inert at Rs 3200-3400, in Punjab, Phutti rates were at Rs 3000-3400, per 40 kg, respectively, they said.
