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Related Keywords: Cotton market, cotton prices, Ginners, mills and spinners, Pakistan cotton market, spot rate

Prices on the cotton market remained firm in the process of meek trading as mills and spinners kept on the sidelines ahead of Eid-ul-Fitr holidays. The official spot rate held the overnight level at Rs 5800. The prices of seed cotton in Sindh and Punjab stayed unchanged at Rs 2800-2900.
 
The mills were not taking interest in purchasing of cotton due to quality factor, the fall in the business activity is attributed to ginners' attitude toward new deals as most of them were not in favour of deals at the present levels.
 

Related Keywords: cotton industry, cotton trading, Pakistan cotton market, seed cotton arrival, spot rate

Some trading activity was seen on the cotton market with price dropping unassumingly on Monday in the process of improved activity; Mills showed some interest in new purchasing with supply position eased.
 
Most of the buyers were not in a hurry to make fresh deal in anticipation of fall in prices.
 

Related Keywords: cotton price, Karachi Cotton Association, spot rate

Karachi cotton market failed to witness any improvement in trading activities due to which the Karachi Cotton Association (KCA) went down to revise its cotton spot rate by Rs50 per maund to Rs6,900 per maund on Monday.

Traders exchanged a total of 5,000 bales (155 kilograms each) at Rs6,675 to Rs7,100 per maund (37.324 kilograms), the KCA reported.

The decline in the number of orders for purchase of cotton yarn from abroad forced local manufacturers of cotton yarn to stay on the sidelines of the market.