Though new cotton crop was filling the market, textile millers were not keen on buying. Thus, market remained stable during the past week, source at Karachi Cotton Market informed.
Sindh cotton rates moved in the range Rs 2100-2400 per maund, while Punjab cotton lay in the range Rs 2300-2400 per maund during the week.
Approximately 12 million bales of cotton is expected this year, however figures would be declared subsequent to Cotton Crop Committee meeting at Rahimyar Khan on December 19, said the Pakistan Cotton Ginners Association.
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