Falling trend was seen on the local cotton market on Thursday as official spot rate slid amid improved activity, relevant sources said.
The Karachi Cotton Association (KCA) rate fell by Rs 25 to Rs 2,325.
Market sources said that due to falling trend in the prices both indulged in hectic buying of cotton. Some of them, kept on the sidelines on anticipation of further drop in the prices.
They attributed the lower trend in the current prices to better production reports in the cotton growing areas. In the neighbouring country, India received monsoon rain this month, increasing expectations for the size of production, they added.
This factor might hurt the present sentiment, as those who are interested in fresh buying may keep on the sideline on hopes of more fall in the prices, market sources said.
Softer look was seen in the New York cotton futures as the October lost 0.17 cents to 44.88 and December lost 0.25 to 45.46 cents per pound.
Following deals reported on Thursday, they were 600 bales of cotton from Mirpurkhas at Rs 2300, 100 bales from Sultanabad and same figure from Pethoro done at the same amount and some 200 bales of cotton from Mirpurkhas finished at Rs 2250.

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The KCA Official Spot Rate for Local Dealings in Pak Rupees
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FOR BASE GRADE 3 STAPLE LENGTH 1-1/32"
 MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
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Rate           Ex-Gin     Upcountry    Spot Rate Ex-Karachi
for            Price                        Sales Tax @ 15%
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37.32 Kgs      2325.00        50                    2375.00
Equivalent-------------------------------------------------
40 Kgs         2492.00        50                    2542.00
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