Related Keywords: after dull trading activity cotton market, cotton bales, cotton prices, falling cotton prices, impacted phutti negatively, KCA, KCE, moving further lower on Tuesday, Punjab quality, Sindh variety, Spinners, spot rate, Textile spinning sector
Cotton prices moving further lower on Tuesday after dull trading activity at cotton market. Falling cotton prices also impacted phutti (seed cotton) negatively, with Punjab quality being quoted between Rs2,700-2,900 and Sindh variety in the range of Rs2,700-3,300 per 40kg. Previously phutti prices were being quoted between Rs2,900-3,500 per 40kg.
However, some buying interest was noted at the lower level as many spinners preferred to cover up their positions amid falling cotton prices.
