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 cotton in Sindh is Rs 15,800 to Rs 17,000 per maund.
The rate of Phutti in Sindh is in between Rs 5,000 to Rs 7,000 per 40 kg. The rate of cotton in Punjab Rs 16,500 to Rs 17,000 per maund and the rate of Phutti in Punjab is in between Rs 6,000 to Rs 7,500 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 7,000 to Rs 8,200 per 40 kg.
The Spot Rate remained unchanged at Rs 16,800 per maund. The rate of Polyester Fiber was decreased by Rs 10 per kg and was available at Rs 360 per kg.
source : Business Recorder, 2023
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