Wed Aug 6,
LAHORE: The local cotton market on Tuesday remained steady and the trading volume remained satisfactory.
Cotton Analyst Naseem Usman told Business Recorder that the rate of new cotton in Sindh is in between Rs 16,200 to Rs 16,300 per maund and the rate of cotton in Punjab is in between Rs 16,300 to Rs 16,400 per maund.
The rate of Phutti in Punjab is in between Rs 6,500 to Rs 7,500 per 40 kg and the rate of Phutti in Sindh is in between Rs 6,500 to Rs 7,400 per 40 kg. The rate of cotton in Balochistan is in between Rs 16,150 to Rs 16,300 per maund. The rate of Phutti in Balochistan is in between Rs 6,700 to Rs 7,400 per maund.
Approximately, 800 bales of Tando Adam, 1000 bales of Sanghar were sold in between Rs 16,200 to Rs 16,300 per maund, 600 bales of Shahdad Pur were sold at Rs 16,300 per maund and 200 bales of Winder were sold at Rs 16,250 per maund.
The spot rate remained unchanged at Rs 16,200 per maund. Polyester Fiber was available at Rs 330 per kg.