KARACHI: The prices of lint have further decreased due to arrival of phutti (seed cotton) in Punjab, but floods in some cotton-growing areas are hampering the flow of phutti to ginning mills.
The steady flow of buying orders from needy millers, however, resulted in moderate trading activity with Punjab variety fetching higher price against Sindh quality. The Karachi Cotton Association (KCA) spot rates remained unchanged.
The following deals were reported on ready counter: 1400 bales from Shahdadpur done at Rs4650 to Rs4700, 1600 bales Sanghar at Rs4650 to Rs4700, 1000 bales Tando Adam at Rs4650 to Rs4700, 600 bales Hyderabad at Rs4675 to Rs4700, 1200 bales Mirpurkhas at Rs4675 to Rs4700, 400 bales Matli at Rs4700, 200 bales Sahiwal at Rs4900, 400 bales Burewala at Rs5000 and 400 bales Khanewal at Rs5000.
