Firmness prevails on cotton market

KARACHI: The local cotton market on Friday remained stable and volume remained satisfactory.

Cotton Analyst Naseem Usman told Business Recorder the rate of cotton in Sindh is in between Rs 13250 to Rs 13350 per maund. The rate of cotton in Punjab is in between Rs 13600 to Rs 13800 per maund.

The rate of new crop of Phutti in Sindh was in between Rs 5900 to Rs 6100 per 40 kg. The rate of Phutti in Punjab is in between Rs 6000 to Rs 6700 per 40 kg. The rate of Banola in Sindh is in between Rs 2000 to Rs 2100 per maund. The rate of Banola in Punjab is in between Rs 2000 to Rs 2200 per maund. The rate of cotton in Balochistan is Rs 13300 per maund. The rate of Phutti in Balochistan is in between Rs 6000 to RS 6200 per maund.

1600 bales of Sanghar were sold at Rs 13200 to Rs 13350 per maund, 600 bales of Shahdad Pur were sold at Rs 13250 to Rs 13350 per maund, 1000 bales of Tando Adam were sold at Rs 133350 per maund, 600 bales of Hyderabad were sold at Rs 13250 per maund and 200 bales of Chichawatni were sold at Rs 13800 per maund.

Director, Central Cotton Research Institute (CCRI) Multan Thursday urged the farmers to beware of upcoming rainy season and take precautionary measures in advance to meet all the crop management compulsions to keep cotton safe from adverse impact.

In a statement issued here, Dr. Zahid Mahmood said that farmers who have not applied fertilizers should do so at suitable time and as per need before the rains expected next week.

Farmers should also apply water keeping in view rains possibility and if required must also perform hoeing before rains.

Farmers should also make arrangements to drain out rainwater in case of its accumulation. He said that rain water must not remain accumulated in field for more than 24 hours.

He said that to save crop from pests, farmers can apply pesticides but only when it becomes unavoidable.

He said that Met office has forecast monsoon rains from July 12 to 25. A simple step can save farmers from big losses, Dr. Zahid said. Farmers should perform pest scouting twice a week and fix hollow cone nozzle on spray machine to apply spray.

The Spot Rate remained unchanged at Rs 13100 per maund. The Polyester Fiber was available at Rs 210 per kg.

Copyright Business Recorder, 2021