Volume of business improves slightly on cotton market

Business Recorder reported that the Lahore cotton market firmed slightly on Monday, with trading volumes staying at a satisfactory level. According to cotton analyst Naseem Usman, supplies improved after a transporters' strike was postponed. Quoted rates differed by province, with Sindh recording the lowest maund range among the regional figures.

In Sindh, cotton rates ranged from Rs18,200 to Rs18,300 per maund, with phutti priced at Rs7,400 to Rs8,900 per 40 kilograms. Punjab posted higher figures, with cotton at Rs18,700 to Rs18,800 per maund and phutti at Rs8,400 to Rs9,200 per 40 kilograms. Balochistan recorded cotton between Rs18,500 and Rs18,600 per maund, and Balochi cotton was quoted at Rs19,500 to Rs19,700 per maund. The spot rate held steady at Rs18,300 per maund.