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Steady conditions persists in local raw cotton market

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by February 27, 2013 General

Karachi, February 27, 2013 (PPI-OT): Steady conditions have persisted in the local raw cotton market, the tight local supply and demand position having outweighed any influence from yesterdays fall in futures. Mill buyers have been able to book cotton only at ginners’ asking prices.

Business in more desirable qualities has thus been reported today at unchanged prices, between Rs. 6,300/6600 per maund (78.25/82.00 US cents per Ib), ex-gin, while average grades have fetched around Rs. 5,500/6,000

For more information, Contact:
Mohammad Shoaib
Cotton World Services
Email ID: mshoaib@cottonworldservices.com
Contact: 03002997979 / 03139202169 / 03002045514
Web: http://cottonworldservices.com/

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