No change in present outlook on cotton market

LAHORE: The trading in the local market on Wednesday remained steady and the trading volume remained low.

Cotton analyst, Naseem Usman while talking to Business Recorder said that the rate of cotton in Sindh is in between Rs 15,500 per maund to Rs 17, 500 per maund. The rate of Phutti in Sindh is in between Rs Rs 5,000 to Rs 7,000 per 40 kg.

The Prices of cotton in Punjab is in between Rs 15,800 per maund to Rs 17,500 per maund and Phutti prices were in between Rs 6,000 to 8,000 per 40 kg.

Similarly, prices of cotton from Balochistan were registered at Rs 16,500 per maund to Rs 17,000 per maund and Phutti is in between Rs 6,500 to Rs 8,200 per 40 kg.

As per the domestic transactions mentioned by the daily market report, 1200 bales of Rohri were sold in between Rs 16,300 to Rs 16,600 per maund, 400 bales of Rasoolabad were sold at Rs 16,800 per maund, 400 bales of Saleh Pat were sold at Rs 16,700 per maund, 1400 bales of Mian Wali were sold at Rs 18,500 per maund, 600 bales of Fort Abbas were sold at Rs 16,700 per maund, 600 bales of Mian Channu were sold at Rs 16,500 per maund, 1400 bales of Yazman Mandi were sold at Rs 14,900 per maund.

The Spot Rate remained unchanged at Rs 17,000 per maund. Polyester Fiber was available at Rs 360 per kg.

Copyright Business Recorder, 2023