Spot rate shows no change amid lean business

LAHORE: The local cotton market on Monday remained easy and the trading volume was low.

Cotton Analyst Naseem Usman told that the rate of cotton in Sindh is in between Rs 17,500 to Rs 18,500 per maund. The rate of cotton in Punjab is in between Rs 19,800 to Rs 20,200 per maund. The rate of Phutti in Sindh is in between Rs 5,000 to Rs 7,500 per 40 kg. The rate of Phutti in Punjab is in between Rs 7,500 to Rs 10,000 per 40 Kg.

200 bales of Sanghar were sold at Rs 19,100 per maund, 200 bales of Shahdad Pur were sold at Rs 18000 per maund, 200 bales of Khanewal were sold at Rs 19,800 per maund, 200 bales of Khair Pur Tamewali were sold at Rs 19,900 per maund, 200 bales of Samundri were sold at Rs 20,200 per maund, 200 bales of Mian Channu were sold at Rs 20,000 per maund.

The Spot Rate remained unchanged at Rs 19,200 per maund. The rate of polyester fiber was increased by Rs 5 and was available at Rs 325 per kg.

Copyright Business Recorder, 2022