LAHORE: The local cotton market on Wednesday remained firm and the trading volume remained a little bit low.

Cotton Analyst Naseem Usman told Business Recorder that the rate of new cotton in Sindh is in between Rs 17,000 to Rs 17,500 per maund. The rate of Phutti in Sindh is in between Rs 6,700 to Rs 7,400 per 40 kg.

The rate of cotton in Punjab is in between Rs 17,500 to Rs 17,800 per maund. The rate of Phutti in Punjab is in between Rs 7,200 to Rs 8,300 per 40 kg.

The rate of cotton in Balochistan is in between Rs 17,000 to Rs 17,500 per maund. The rate of Phutti in Balochistan is in between Rs 7,200 to Rs 7,400 per 40 kg.

Approximately, 400 bales of Tando Adam were sold at Rs 17,200 per maund, 1000 bales of Shah Pur were sold at RS 16,700 to Rs 17,200 per maund, 200 bales of Sanghar were sold at Rs 17,200 per maund, 800 bales of Vehari were sold at Rs 17,700 to Rs 17,800 per maund, 400 bales of Rajan Pur, 200 bales of Jhang, 200 bales of Burewala, 400 bales of Lodhran, 200 bales of Mianchannu and 200 bales of Chichawatni were sold at Rs 17,700 per maund.

The Spot Rate remained unchanged at Rs 17,200 per maund. Polyester Fiber was available at Rs 380 per kg.

Copyright Business Recorder, 2024