After a stability of more than a week, cotton prices come down to Rs2525 from Rs2550 per maund in Pakistan, according to Karachi Cotton Association (KCA).
KCA sources also revealed cotton transactions at VHR station, where only 300 bales changed hands at Rs2500 per maund on February 28, 2006.
As per Cotlook Indices, A Index stood at 60.65 and B Index was 58.40.
Coming to New York Cotton Market Closing Delivery, it released negative changes even on February 27, 2006.
Cotton Futures at New York will decline $1.47 from the previous rate of $56.92. It will close at $55.45 for March - 06.
For May futures, cotton prices will again decrease $1.59 to close at $55.02.
Karachi Cotton Association
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