Spot rate remains unchanged at Rs17,500/maund on cotton market
LAHORE: The local cotton market on Wednesday remained bearish and the trading volume remained low. Cotton Analyst Naseem Usman said that the rate of cotton in Sindh is in between Rs 16,000 to Rs 19,000 per maund. The rate of cotton in Punjab is in between Rs 17,000 to Rs 18,200 per maund. The rate of Phutti in Sindh is between Rs 7,000 to Rs 7,200 per 40 Kg. The rate of Phutti in Punjab is in between Rs 7,000 to Rs 9,500 per 40 Kg. The rate of cotton in Balochistan is in between Rs 16,000 to Rs 18,000 per maund.
1000 bales of Khan Pur, 400 bales of Rohri, 400 bales of Bhakar were sold at Rs 16,000 per maund, 200 bales of Mianwali were sold at Rs 19,000 per maund, 200 bales of Layyah were sold at Rs 17,000 per maund, 200 bales of Fort Abbas were sold at Rs 18,450 per maund and 400 bales of Yazman Mandi were sold at Rs 17,600 per maund.
The Spot Rate remained unchanged at Rs 17,500 per maund. Polyester Fiber was available at Rs 295 per Kg.
Copyright Business Recorder, 2022
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