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Cotton prices resist decline further.
Byline: DR ZAFAR HASSAN
LAHORE : Despite the easy position which has prevailed for more than two months now and cotton being still liberally available in the market, lint prices appear to be resisting further decline recently.
According to the brokers in Karachi on Tuesday, the Trading Corporation of Pakistan (TCP) has geared up its buying activity, which has instilled an element of confidence in the ranks of ginners.
Traders added from Karachi that the Trading Corporation of Pakistan (TCP) is buying the better quality lots of cotton which conform to grade 3 and are wrapped in export packing, for which it is paying the ginners Rs 1,855 per maund (37.32 kg) exclusive of …
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