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Cotton Market Resilient Amid Slow Trade Activity

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In a subdued trading session on Tuesday, the local cotton market experienced sluggish business, characterized by low trading volumes. Cotton analyst Naseem Usman reported that the cotton rates in Sindh ranged from Rs 15,500 to Rs 18,000 per maund, with Phutti prices in the region varying between Rs 5,000 and Rs 7,000 per 40 kg. Meanwhile, in Punjab, cotton prices hovered between Rs 15,800 and Rs 18,000 per maund, accompanied by Phutti rates ranging from Rs 6,500 to Rs 7,000 per 40 kg. Balochistan recorded cotton prices at Rs 16,500 to Rs 17,000 per maund, with Phutti prices in the range of Rs 6,500 to Rs 8,200 per 40 kg.

Several cotton transactions were reported, including the sale of 600 bales of Dherki at Rs 18,400 (Primark) per maund, 200 bales of Obaro at Rs 18,000 per maund, 400 bales of Sadiqabad at Rs 17,500 per maund, and 1600 bales of Haroonabad at Rs 16,500 to Rs 17,000 per maund. Additionally, 200 bales of Shujabad were sold at Rs 16,500 per maund, 200 bales of Fort Abbas at Rs 16,500 per maund, and 200 bales of Faqeer Wali at Rs 16,200 per maund.

Despite the subdued market conditions, the Spot Rate remained steady at Rs 17,000 per maund. Notably, Polyester Fiber was available at Rs 360 per kg.

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