LAHORE: The local cotton market on Tuesday remained bullish and the trading volume remained very low.
Cotton Analyst Naseem Usman told Business Recorder that trading volume is low due to the foggy weather. He also said that the rate of cotton in Sindh is in between Rs 14,500 to Rs 17,000 per maund.
The rate of cotton in Punjab is in between Rs 15,000 to Rs 17,000 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 5,000 to Rs 8,000 per 40 kg.
400 bales of Ahmed Pur East were sold at Rs 16,275 per maund, 200 bales of Tando Adam were sold at Rs 15,000 per maund, 400 bales of Kotri Kabeer were sold at Rs 15,300 per maund, 600 bales of Ghotki were sold at Rs 16,000 per maund and 200 bales of Adil Pur were sold at Rs 16000.
The Spot Rate remained unchanged at Rs 16,700 per maund. Polyester Fiber was available at Rs 285 per kg.
Copyright Business Recorder, 2022
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