FPhutti (seed-cotton) arrivals in Punjab has yet to gain momentum. Many ginning mills in the province are lifting phutti from Sindh in order to keep their units running. The low price of phutti in Sindh was another factor which attracted buying from Punjab ginning units. It is being estimated that once phutti arrival jumps up in Punjab, cotton prices may come under pressure, provided international factors also normalise and prices stabilise.
Please Login to complete View