Related Keywords: cotton prices, short phutti supply, textile sector
Cotton prices saw an upward trend due to short phutti (seed cotton) supply and ginners demanding higher rates on Wednesday. Trading activity continued to remain dull and listless as spinners reluctant to pay higher prices.
Another reason which pushed cotton prices up was a large participation of Pakistani textile sector in Heimtexil fair being held from Jan 8 to 11 in Frankfurt, Germany.
They added that the expectations that 226 companies from Pakistan displaying their textile products in the fair could get large export orders are presently inducing sentiment.
