KARACHI: The constant demand of quality lint despite low supply has kept the cotton market steady another day.
The price for the cotton seed in Sindh remained between Rs 1,800 and Rs 2,400 per 40kg, while in Punjab, the cotton seed rates have increased from Rs 2,000 to 2,700 per 40kg. Most of the deals could not materialise owing to higher price demanded by ginners. The Karachi Cotton Association (KCA) spot rates were unchanged at overnight level.
The following deals were reported to have changed hands on ready counter: 200 bales from station Noorpur done at Rs4975, 400 bales Fort Abbas at Rs5000, 500 bales Hasilpur at Rs5000, 400 bales Pak Pattan at Rs5000, 1000 bales Sadiqabad at Rs5200, 600 bales Chichawatni at Rs5225, 400 bales Burewala at Rs5225 and 400 bales Dera Ghazi Khan at Rs5250.
