Lacklustre business on cotton market

LAHORE: The local cotton market on Saturday remained steady and the trading volume remained a little low.

Cotton Analyst Naseem Usman told media told that the rate of new cotton in Sindh is in between Rs 14,500 to Rs 16,000 per maund and the rate of cotton in Punjab is in between Rs 14,800 to Rs 16,000 per maund.

The rate of Phutti in Punjab is in between Rs 6,000 to Rs 7,800 per 40 kg and the rate of Phutti in Sindh is in between Rs 6,000 to Rs 7,600 per 40 kg. The rate of cotton in Balochistan is in between Rs 15,300 to Rs 16,200 per maund. The rate of Phutti is in between Rs 7,800 to Rs 8,800 per maund. The rate of Balochi cotton is in between Rs 15,800 to Rs 16,200 per maund. The rate of Phutti is in between Rs 7,000 to Rs 8,500 per 40 kg. The rate of Primark cotton is in between Rs 16,700 to Rs 16,900 per maund.

The Spot Rate remained unchanged at Rs 15,300 per maund, Polyester Fiber was available at Rs 325 per kg.