LAHORE: The rate of Phutti of new crop is decreasing in the local cotton market. The rate of new Phutti which is in between Rs 10,000 to Rs 11,000 per 40 kg started decreasing as the advance deal for five trucks of Phutti from Tando Adam was finalized at Rs 9,500 per kg.

Cotton Analyst Naseem Usman told Business Recorder that the local cotton market remained sluggish and the trading volume remained low.

Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh and in Punjab is in between Rs 19,000 to Rs 22,000 per maund. Phutti prices in Punjab were observed between Rs 9,500 and Rs 10,000 per 40 kg.

The Spot Rate remained unchanged at Rs 21,500 per maund. Polyester Fiber was available at Rs 367 per kg.

Copyright Business Recorder, 2024