Related Keywords: amid persistent demand for quality cotton, cotton bales, Cotton market, expected prices of fine quality up, official spot rate remained unchanged, prices of seed cotton, rising demand against short supply, touching seasons new high
At the cotton market on Monday amid persistent demand for quality cotton, prices of seed cotton was seen touching season's new high at Rs 3500, dealers said. According to some brokers, it is expected that prices of fine quality may up due to rising demand against the short supply.
The official spot rate remained unchanged at Rs 6,550, dealers said. In both Sindh and Punjab, seed cotton prices were higher by Rs 100 to Rs 3300-3500, as per 40 kg, respectively. In ready business, around 20,000 bales of cotton changed hands between Rs 6700 and Rs 6900
