LAHORE: The local cotton market on Thursday remained steady and the trading volume remained satisfactory.
Cotton Analyst Naseem Usman told Business Recorder that Karachi Cotton Association has officially issued the spot rate of the new crop of cotton for the year 2023-24.
He also told that the rate of new crop of cotton in Sindh and Punjab is Rs 20,000 per maund. The rate of Phutti in Sindh and Punjab is in between Rs 9,000 to Rs 9,200 per maund.
2,00 bales of Tando Adam were sold at Rs 20,000 per maund, 600 bales of Sanghar were sold at Rs 20,000 to Rs 20,300 per maund, 200 bales of Hyderabad were sold at Rs 20,100 per maund and 100 bales of Burewala were sold at Rs 20,000 per maund. The Spot Rate remained unchanged at Rs 20,000 per maund. Polyester Fiber was available at Rs 365 per kg.
Copyright Business Recorder, 2023
Comments
Comments are closed for this article.