| Cotton market quiet with spinners on sideline KARACHI (January 04 2004): Spinners were on sidelines to assess the situation arising out of sharp jump in cotton prices just
ahead of ginners fortnightly statement on arrival, relevant sources said on Saturday.
No fresh deal was furnished, they said.
The official spot rate of grade III cotton was pushed up by Rs 50 to Rs 3375 without ST and upcountry expenses.
Trading in New York was not held owing to New Year's Day and week-end holidays.
Some of the deals struck on Friday were: 5400 bales of Upper Sindh at Rs 3350/3400, 4000 bales of RYK at Rs 3300/3400 and
1000 bales of Haroonabad at Rs 3300.
Courtesy Business
Recorder
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