Listless business on cotton market
LAHORE: The local cotton market on Monday remained bearish and the trading volume remained low.
Cotton analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh as per quality is in between Rs 16,700 and Rs 17,800 per maund, while rates in Punjab are in between Rs 17,000 and Rs 17,800 per maund.
He also told that Seed Cotton (Phutti) equivalent to over 5.5 million bales have reached ginning factories across Pakistan till February 28,2025, registering a decrease of 34.18 per cent as compared to corresponding period of the last year.
According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued on Monday, over 5.5 million bales have undergone the ginning process i.e converted into bales
The Spot Rate remained unchanged at Rs 17,500 per maund. Meanwhile, polyester fibre prices were reported at Rs 351 per kilogram.
Copyright Business Recorder, 2025
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