KARACHI: The local cotton market on Wednesday remained bullish and trading volume remained satisfactory.
The Spot Rate remained unchanged at Rs 15300 per maund. The polyester fiber was available at Rs 247 per kg.
The rate of cotton in Sindh remained between Rs 12000 to Rs 15,800 per maund and the rate of cotton in Punjab was registered at Rs 14,000 to Rs 15,500 per maund.
The rate of the new crop of Phutti in Sindh was remained between Rs 4,500 to Rs 6,300 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 7,300 per 40 kg.
Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 15,500 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 7,800 per maund, said Naseem Usman.
The rate of Banola in Sindh was between Rs 1,400 to Rs 1,700 per maund. While in Punjab rates of Banola were between Rs 1,650 to Rs 2,000 per 40 kilograms. The rate of Banola in Balochistan today was Rs 16,000 to 2,000 per maund.
400 bales of Ghotki, 200 bales of Mir Pur Mathelo were sold at Rs 15900 per maund, 800 bales of Dherki were sold at Rs 15900 to RS 15950 per maund, 400 bales of Dadu were sold at Rs 15450 per maund, 2000 bales of Khan Pur were sold at Rs 14600 to Rs 15000 per maund, 200 bales of Buchari were sold at Rs 13200 per maund, 200 bales of Rahim Yar Khan were sold at Rs 15600 per maund, 2600 bales of Fort Abbas were sold at Rs 15000 to Rs 15500 per maund, 2400 bales of Haroonabad were sold at Rs 15100 to Rs 15500 per maund, 400 bales of Marrot were sold at Rs 15500 per maund, 200 bales of Lodhran were sold at Rs 15400 per maund, 800 bales of Donga Bonga were sold at Rs 15200 per maund, 1400 bales of Faqeer Wali were sold at Rs 15200 to Rs 15400 per maund, 200 bales of Hasil Pur were sold at Rs 14800 per maund and 400 bales of Burewala were sold at Rs 15350 per maund.
Copyright Business Recorder, 2021
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