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
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Cotton World Services
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