Cotton market: Prices firm amid modest trading
LAHORE: The local cotton market on Tuesday remained stable and the trading volume remained low.
Naseem Usman also said that the rate of cotton in Sindh is in between Rs 14,500 to Rs 17,500 per maund. The rate of cotton in Punjab is in between Rs 15,500 to Rs 17,500 per maund.
The rate of Phutti in Sindh is between Rs 5,000 to Rs 8,000 per 40 kg. The rate of Phutti in Punjab is in between Rs 65,500 to Rs 8,000 per 40 kg. The rate of cotton in Balochistan is in between Rs 15,000 to Rs 17,500 per maund.
400 bales of Mir Pur Khas, 809 bales of Ghotki were sold at Rs 16,000 per maund, 400 bales of Dera Ghazi Khan were sold at Rs 17,500 per maund, 400 bales of Khan Pur were sold at Rs 16,700 per maund, 600 bales of Marrot were sold at Rs 15,000 per maund and 100 bales of Yazman were sold at Rs 15,000 per maund.
The Spot Rate remained unchanged at Rs 16,500 per maund. Polyester Fiber was available at Rs 285 per kg.
Copyright Business Recorder, 2022
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