MULTAN: steady situations prevailed at the cotton marketplace on Wednesday although ginners had been reluctant to sell the commodity at costs supplied by way of spinners. There was an growth of Rs50 in cotton and phutti (seed cotton) costs.

The weather in Punjab is currently favorable.

. Wednesday noticed top arrival of excellent pleasant phutti in the cotton markets of Sahiwal, Mureedwala, Burewala, Mian Channu and Vehari.Phutti charges have been recorded between Rs3.800 to Rs4.300. The Karachi Cotton affiliation additionally improved its spot fee by way of Rs100 at Rs8,400.

Cotton professionals stated that due to an growth in costs, ginners are delaying the transport of approximately forty,000 bales of lowest charge in Sindh. This case has been created because of panic shopping for through the mill owners, they delivered.

costs have been solid inside the first 1/2 however things changed in the second half while ginners attempted to promote the commodity through stressful Rs100 extra. This brought about constrained buying.

major deals at the geared up counter were: 2,000 bales, Tando Adam, at Rs8,450-8,525; 800 bales, Mirpurkhas, at Rs8,450-8,500; 800 bales, Shahdadpur, at Rs8,450; 2,four hundred bales, Sanghar, at Rs8,450-eight,500; 1,two hundred bales, Hyderabad, at Rs8,425-eight,450; two hundred bales, Mureedwala, at Rs8,600; six hundred bales, Burewala, at Rs8,600-8,650; 300 bales, Chichawatni, at Rs8,600; and 100 bales, Mian Channu, at Rs8,six hundred.

handiest one deal of vintage crop happened in Sadiqabad, at Rs8,seven-hundred.

published in , July eleventh, 2019