The Spot Rate remained unchanged. The local cotton market on Thursday remained steady and the trading volume remained low.
Cotton analyst Naseem Usman while talking to Business Recorder said that according to the fortnightly report issued by Pakistan Cotton Ginners Association on Monday 7.35 million bales arrived as compared to the last years production of 5.37 million bales during this period.
He also told that cotton will not be available in the month of February. New crop of cotton will arrive in June. He also said that prices of cotton and cotton-related products like yarn and Banola increased by 60 % during 2021.
He also told that the price of Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 8000.
Cotton of Sindh was traded from Rs 15000 to Rs 19000 per maund, Punjab’s cotton was traded from Rs 16000 to Rs 18500 per maund.
The Spot Rate remained unchanged at Rs 18300 per maund. The Polyester Fiber was available at Rs 252 per kg.
