Related Keywords: cotton bales, cotton market on Tuesday, cotton traders, official spot rate stayed unchanged, seed cotton prices rise, Sluggish business, textile sector, Trade enchancement package, trading activity remain firm
In the process of sluggish business, trading activity remain firm at cotton market on Tuesday, dealers said. The official spot rate also stayed unchanged at Rs 6500.
In Sindh, seed cotton prices were at Rs 3100-3450, while in Punjab, phutti rates were at Rs 3100 and Rs 3650, as per 40 kg. In the ready session, over 3,000 bales of cotton changed hands between Rs 6400 and Rs 6750.
According to expers, cotton traders welcomed issuance of the SRO and hoping for better outcome of incentives given to revive the textile sector.
