Pakistan cotton: Lower prices attract buyers

Pakistan cotton: Lower prices attract buyers

KARACHI: Increased Phutti arrivals and panic selling by the ginners pushed Pakistan cotton prices further down in the market on Tuesday.

The prices at Karachi Cotton Association (KCA) cut down by Rs 100 at Rs 6,000 which attracted buyers including both the mills and spinners who have actively participated in the brisk trading session.

The rates of seed cotton in Sindh stayed constant at Rs 2,200 and Rs 2,700, while in Punjab cotton rates were Rs 2,000 and Rs 2,900, dealers said.