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Reading: Cotton prices up amid low supply scenario
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PhotoNews Pakistan > Business > Cotton prices up amid low supply scenario
Business

Cotton prices up amid low supply scenario

Web Desk
By Web Desk Published July 4, 2014 1 Min Read
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Cotton trading gained momentum in Sindh on Thursday, but rains in major cotton-growing areas of Punjab affected phutti arrivals into ginneries.

Brokers said rains in Haroonabad, Bahawalnagar, Burewala, Donga Bonga, Arifwala, Samandari, Pak­pa­ttan, Vehari, Khanewal, Chichawatni and Mian­chunno hampered phutti arrivals of early-sown crop.

They said a ginning factory in Sahiwal received 650 maunds of raw cotton followed by Burewala (250 maunds), Pakpattan (500 maunds), Chichawatni (200 maunds), Mailsi (100 maunds) and Chishtian (50 maunds).

Phutti arrivals in Sindh including Jhudo, Badin, Thatta and Daharki ginning factories have been 2,000 maunds as the cotton picking season in the province has started.

Some major textile groups have also sent their staff to fields to check crop quality and market trend.

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