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Prices of seedcotton

Spot rate slightly up amid modest trading on cotton market

November 17, 2012 Trading activity slowed down on the cotton market Friday in the absence of fresh demand by mills and spinners, dealers said. Official spot rate inched up by Rs 25 to Rs 5,925, they said. Approximately, 16,000 bales of cotton changed hands between Rs 5700-6200, they said. Prices of seedcotton (phutti) in Sindh were at Rs 2650-2850, in Punjab rates were at Rs 2600-2950, they said. In the absences of fresh leads, the mills and spinners did not show so much…

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