Spot rate firm ahead of Independence Day holiday

LAHORE: The local cotton market on Tuesday remained steady and the trading volume remained low.

Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in between Rs 16,800 to Rs 17,000 per maund. The rate of Phutti in Sindh is in between Rs 6,000 to Rs 7,000 per 40 kg.

The rate of cotton in Punjab is in between Rs 17,700 to Rs 18,300 per maund. The rate of Phutti in Punjab is in between Rs 6,500 to Rs 7,800 per 40 kg.

The rate of cotton in Balochistan is in between Rs 16,800 to Rs 17,000 per maund. The rate of Phutti in Balochistan is in between Rs 6,200 to Rs 7,000 per 40 kg.

Approximately, 600 bales of Hyderabad were sold at Rs 16,800 to Rs 17,000 per maund, 600 bales of Nawab Shah were sold in between Rs 16,900 to Rs 17,000 per maund, 200 bales of Maqsooda Rind were sold at Rs 16,800 per maund, 800 bales of Sanghar were sold at Rs 16,800 to Rs 16,900 per maund, 1000 bales of Tando Adam were sold in between Rs 16,800 to Rs 17,100 per maund, 800 bales of Shahdad Pur were sold in between Rs 16,800 to Rs 16,900 per maund, 200 bales of Kotri were sold at Rs 16,900 per maund, 100 bales of Lodhran were sold at Rs 18,500 per maund (condition), 200 bales of Khanewal were sold at Rs 18,200 per maund, 200 bales of Layyah were sold at Rs 18,200 per maund, 600 bales of Chichawatni, 400 bales of Shujabad were sold at Rs 17,900 to Rs 18,000 per maund, 400 bales of Burewala were sold at Rs 18,000 per maund, 200 bales of Hasil Pur were sold at Rs 17,900 per maund, 400 bales of Gojra, 200 bales of Fort Abbas and 200 bales of Toba Tek Singh were sold at Rs 16,900 to Rs 17,000 per maund.

The Spot Rate remained unchanged at Rs 17,500 per maund. Polyester Fiber was available at Rs 365 per kg.

Copyright Business Recorder, 2024