LAHORE: The local cotton market on Saturday remained steady and the trading volume remained satisfactory.

Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in between Rs 17,000 to Rs 20,000 per maund. The rate of cotton in Punjab is in between Rs 18,000 to Rs 20,000 per maund. The rate of Phutti in Sindh is between Rs 5,500 to Rs 8,300 per 40 kg. The rate of Phutti in Punjab is in between Rs 6,000 to Rs 8,500 per 40 kg.

1114 bales of Sadiqabad were sold at Rs 19,000 to Rs 19,500 per maund, 100 bales of Rahim Yar Khan were sold at Rs 20,000 per maund.

The Spot Rate remained unchanged at Rs 19,300 per maund. Polyester Fiber was available at Rs 373 per kg.

Copyright Business Recorder, 2023