There was a slowdown in the local cotton market on Wednesday and the trading volume was slightly less.
Cotton analyst Naseem Usman told Business Recorder that the cotton rate in Sindh is Rs 14,500 to Rs 16,500 per maund. The rate of footi in Sindh is between Rs 5,000 to Rs 6,500 per 40 kg. The rate of cotton in Punjab is between Rs 16,300 to Rs 17,000 per maund and the rate of cotton in Punjab is between Rs 6,500 to Rs 7,000 per 40 kg.
The rate of cotton in Balochistan is between Rs 15,500 to Rs 15,600 per maund while the rate of cotton is between Rs 6,750 to Rs 8,000 per 40 kg.
Spot rate remained unchanged at Rs 16,800 per maund. The rate of polyester fiber was reduced by Rs 10 per kg and is available at Rs 360 per kg.
