Pakistan Local Cotton Prices and Market Commentary 9th March 2018

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Cotton prices maintained their fully steady posture on Thursday due to dwindling stocks of which there may be less than 600,000 bales left for sales with the ginners. Most of the remaining cotton stocks are said to be of lower quality, which also remain of interest for the spinners as international prices have reportedly risen again. This week the price of premium cotton, whatever is left of in, is said to have risen by Rs 300 per maund (37.32 Kgs) locally.

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