Trading activity slowed down as ginners were reluctant in new purchasing because quality was not matching with their psychological levels causing decline in rates on the cotton market on Tuesday, dealers said.
The official spot rate after maintaining a stable trend for a long time came down modestly, shedding Rs 50 to Rs 6200. In Sindh, seed cotton prices were at Rs 2600-3250 while that in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg.
The ginners were also reluctant in new deals partly because of delay in payments with Christmas and New Year holidays. Cotton analyst, Naseem Usman said that bank closing also impacted the trading activity in the local market.
The following deals were reported by dealers to have changed hands: 1200 bales from Haroonabad sold at Rs 6325/6350, 400 bales from Hasilpur at Rs 6400/6450, 600 bales from Bahawalpur at Rs 6440 and 400 bales from Rahim Yar Khan at Rs 6475.
In the ready session, around 3,000 bales of cotton changed hands between Rs 6325-6475, dealers said.
Adsorbi has announced the launch of Arbomax, a new range of high-capacity filter materials made from cellulose and designed for…
Strataglass LLC has introduced Latitude, a new marine fabric designed for use in vinyl enclosure products.
Kia introduced its Vision Meta Turismo concept car, reimagining a 1960s saloon, combining elegant shape with a forward-looking, and human-focused…
TMC and the ZDHC Foundation have launched the second phase of their joint project to improve how fibre fragments in…
Trimco Group and Retraced have announced a strategic partnership to provide integrated transparency solutions for textile and footwear brands.
Leonhard Kurz, based in Fürth, Germany, has received the 2026 Green Good Design Sustainability Award for its Recosys rPET Jersey.