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

Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is Rs 15,000 to Rs 17,500 per maund. The rate of Phutti in Sindh is in between Rs 6,500 to Rs 8,200 per 40 kg. The rate of cotton in Punjab Rs 15,500 to Rs 18,000 per maund and the rate of Phutti in Punjab is in between Rs 7,500 to Rs 8,700 per 40 kg. The rate of cotton in Balochistan is Rs 15,500 to Rs 16,000 per maund while the rate of Phutti is in between Rs 7,500 to Rs 9,000 per 40 kg.

200 bales of Shahdad Pur were sold at Rs 14,500 per maund, 1000 bales of Dharki were sold at Rs 18,000 per maund, 1800 bales of Tando Adam were sold at Rs 14,500 to Rs 17,000 per maund, 1800 bales of Saleh Pat were sold at Rs 15,500 to Rs 16,000 per maund, 200 bales of Halani were sold at Rs 16,700 per maund, 600 bales of Ahmed Pur East were sold at Rs 18,000 per maund, 400 bales of Donga Bonga were sold at Rs 17,500 per maund, 200 bales of Chichawatni were sold at Rs 16,950 per maund, 800 bales of Bahawlpur were sold at Rs 16,300 to Rs 17,000 per maund, 600 bales of Faqeer Wali were sold at Rs 17,500 per maund, 2800 bales of Yazman Mandi were sold at Rs 16,300 to Rs 17,000 per maund and 600 bales of Hasil Pur were sold at Rs 16,500 to Rs 17,100 per maund.

The Spot Rate remained unchanged at Rs 17,000 per maund. Polyester Fiber was available at Rs 350 per kg.

Copyright Business Recorder, 2023