Trading on the cotton market yesterday remained lackluster as lint prices remain in free fall both locally and globally.
Cotton prices are falling on almost all the leading world markets amid reports of piling up of stocks with most cotton-growing countries.
The expected good impact on cotton prices in the domestic market after the involvement of the Trading Corporation of Pakistan (TCP) in procurement was also not evident, brokers said.
They added that the state-owned TCP is currently carrying on sampling of bales which had been contracted earlier for the expected deals with the ginners.
On the contrary, cotton prices are coming under pressure with each passing day.
Most deals finalised on the ready counter were either quoted around Rs5,000 a maund or below it.
