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The cotton market on Tuesday recorded moderate to active trading with readily available lint allowed steady flow of buying orders, helping many spinners who rushed back to replenish their stock. Renewed buying interest was witnessed. However, due to shortage of quality lots many spinners were unable to get stocks of their choice.
The rising demand helped phutti prices stabilise in the range of Rs2,800-3,000 per 40 kg for both Sindh and Punjab varieties. According to market reports, cotton prices could come under pressure once phutti arrival surges.
