Related Keywords: Cotton market, cotton price, fine quality, lowering price, official spot rate, Pakistan cotton market, Pakistani ginners, seed cotton rates, surplus cotton, trading activity, yarn price
With Pakistani ginners not lowering prices of fine quality and the official spot rate remaining unchanged at Rs 4,850, no visible change was seen in the present outlook on the cotton market on Thursday.
Trading activity came down as ginners were not ready to oblige the mills because rates offered by mills were not matching with their psychological levels. Cotton analyst, Naseem Usman said that overall sluggish trend in the world market is also an adding factor behind the falling business.
