Firm trend on cotton market

LAHORE: The local cotton market on Monday remained steady and the trading volume remained low.

According to Cotton Analyst Naseem Usman, the rate of new cotton in Sindh is in between Rs 16,000 to Rs 16,300 per maund and the rate of cotton in Punjab is in between Rs 16,300 to Rs 16,600 per maund.

The rate of Phutti in Punjab is in between Rs 7,000 to Rs 8,200 per 40 kg and the rate of Phutti in Sindh is in between Rs 6,500 to Rs 7,400 per 40 kg. The rate of cotton in Balochistan is in between Rs 16,000 to Rs 16,200 per maund. The rate of Phutti in Balochistan is in between Rs 6,800 to Rs 7,500 per maund.

Approximately, 800 bales of Tando Adam were sold in between Rs 16,200 to Rs 16,250 per maund, 200 bales of Hala were sold at Rs 16,200 per maund, 600 bales of Sanghar were sold at Rs 16,300 per maund, 400 bales of Kotri were sold at Rs 16,200 to RS 16,200 to Rs 16,300 per maund, 200 bales of Nawab Shah were sold at Rs 16,200 per maund, 200 bales of Halani were sold at Rs 16,300 per maund, 200 bales of Pir Wassan wasaan were sold at Rs 16,350 per maund and 200 bales of Winder were sold at Rs 16,000 per maund.

The spot rate remained unchanged at Rs 16,200 per maund. Polyester Fiber was available at Rs 330 per kg.

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