LAHORE: The local cotton market remained bearish on Monday and trading volume remained low.
Cotton Analyst Naseem Usman said that the arrival of Phutti from Lower Sindh has started. The new season of cotton for the year 2024-25 will start from June 1st.
He also said cotton prices in Sindh and Punjab ranged from Rs 19,500 to Rs 21,500 per maund, while Phutti prices in Punjab were between Rs 9,500 and Rs 10,000 per 40 kg.
Approximately, 500 bales of Kotri and Hyderabad were sold at Rs 19,500 per maund.
The Spot Rate remained unchanged at Rs 19,700 per maund, and Polyester Fiber was available at Rs 367 per kg.
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