Related Keywords: cannot achieve without reducing cost of production, cotton bales, Cotton market, export target, ginners have only two million bales of unsold stock, official spot rate up, on dwindling stock, PRGMEA, ready business, witnessed fresh buying interest by spinners and mills
Cotton market witnessed fresh buying interest by spinners and mills on Tuesday as the ginners have only two million bales of unsold stock, dealers said. In the ready business, around 5000 bales of cotton changed hands between Rs 4200-5800.
However, the official spot rate was down by Rs 50 to Rs 5,600 while in the Punjab, prices showed no change at Rs 3100 and Rs 3400, dealers said.
