KARACHI: The spot rate of cotton reduced on Monday following the increase in phutti arrivals and mills cautious attitude towards fresh buying, dealers said.
The Karachi Cotton Association (KCA) official spot rate was declined by Rs 200 to Rs 6,100. Prices of seed cotton in Sindh were at Rs 2200-2700 and rates in Punjab were at Rs 2000-2900, they said.
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