Firmness prevails on cotton market

LAHORE: Official spot rate remained unchanged on the local cotton market on Thursday. Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in between Rs 19,000 to Rs 23,000 per maund. The rate of cotton in Punjab is in between Rs 19,500 to Rs 22,000 per maund. The rate of Phutti in Sindh is between Rs 6,500 to Rs 9,500 per 40 kg. The rate of Phutti in Punjab is in between Rs 7,500 to Rs 10,500 per 40 kg.

He also told that 400 bales of Sargodha were sold at Rs 21,500 per maund, 400 bales of Kot Banglow were sold at Rs 20,500 per maund, 200 bales of Kumb were sold at Rs 20,000 per maund, 400 bales of Ghazi Ghat were sold at Rs 22,700 per maund (condition), 800 bales of Marrot were sold at Rs 22,000 per maund, 3400 bales of Fort Abbas were sold at Rs 22,000 per maund, 400 bales of Yazman Mandi were sold at Rs 21,800 per maund and 200 bales of Haroonabad were sold at Rs 20,500 per maund.

The Spot Rate remained unchanged at Rs 22,000 per maund. Polyester Fiber was available at Rs 340 per kg.

Copyright Business Recorder, 2023