LAHORE: The local cotton market on Tuesday remained bearish and the trading volume remained very low.
Cotton Analyst Naseem Usman said that the rate of cotton in Sindh is in between Rs 14,000 to Rs 15,500 per maund. The rate of cotton in Punjab is in between Rs 15,000 to Rs 16,000 per maund. The rate of Phutti in Sindh is between Rs 5,000 to Rs 7,500 per 40 kg. The rate of Phutti in Punjab is in between Rs 6,000 to Rs 8,200 per 40 kg. The rate of cotton in Balochistan is in between Rs 15,000 to Rs 17,000 per maund.
200 bales of Ghotki were sold at Rs 15450 per maund, 200 bales of Mian Wali were sold at Rs 16,000 per maund, 400 bales of Liaquat Pur, 400 bales of Khan Pur and 400 bales of Ahmed Pur East were sold at Rs 16,750 per maund.
The spot rate remained unchanged at Rs 16,000 per maund. Polyester Fibre was available at Rs 290 per kg.
Copyright Business Recorder, 2022
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