Related Keywords: Cotton brokers, Cotton market, due to a ban previously imposed by the government of Punjab, Due to shortage of phutti, early cotton sowing, lack of buying interest from spinners, last year stock almost exhausted, phutti was arriving in the market, seed cotton, small quantities, Trading activity slowed down
Due to shortage of phutti (seed cotton) and lack of buying interest from spinners, trading activity slowed down on Monday at cotton market. Cotton brokers said that phutti was arriving in the market in small quantities due to a ban previously imposed by the government of Punjab on early cotton sowing. Moreover, last year’s stock has almost exhausted.
Cotton picking was ongoing only in Pakistan, which was why cotton brokers from other countries were cautious about making new deals. However, a jump in cotton prices was expected before Eidul Fitr.
