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LAHORE: The local cotton market on Tuesday remained steady and the trading volume was a little bit low.
Cotton Analyst Naseem Usman told Business Recorder that the rate of new crop of cotton in Sindh is in between Rs 20,400 to Rs 20,500 per maund. The rate of Phutti in Sindh is in between Rs 9,200 to Rs 10,200 per 40 kg. The rate of cotton in Punjab is in between Rs 20,500 to Rs 21,000 per maund and the rate of Phutti is in between Rs 10,400 to Rs 10,500 per 40 kg.
2400 bales of Tando Adam were sold at Rs 20,300 to Rs 20,500 per maund and 1200 bales of Sanghar were sold at Rs 20,300 to Rs 20,500 per maund.
The Spot Rate remained unchanged at Rs 20,500 per maund.
Polyester Fiber was available at Rs 355 per Kg.
Copyright Business Recorder, 2023
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