Related Keywords: cotton bales, Cotton market in Pakistan, due to renewed buying, official spot rate remained still, phutti rates. ready session, replenish their stock, seed cotton price, spinners seen indulged in fresh buying, witnessed improved trading activity
Cotton market in Pakistan witnessed improved trading activity due to renewed buying on Tuesday, dealers said. The official spot rate remained still at Rs 6250. As per the market sources, the spinners were seen indulged in fresh buying to replenish their stock.
In Sindh, seed cotton prices were at Rs 2600-3300, while in Punjab, phutti rates remained at Rs 2800 and Rs 3550, as per 40 kg, dealers added.
According to cotton analyst, Naseem Usman, prices of quality lint may maintain stable in the near future.
