The cotton market in Pakistan experienced steady trading on October 4, 2024, with satisfactory volume reported across different regions. Cotton Analyst Naseem Usman shared details about the current rates of cotton and Phutti (raw cotton) in Sindh, Punjab, and Balochistan. The market showed stable prices across these provinces, reflecting a balanced demand and supply situation.
Cotton Rates in Sindh and Punjab
In Sindh, the rate of cotton ranged between Rs 17,600 to Rs 17,800 per maund, while Phutti prices varied from Rs 7,400 to Rs 8,200 per 40 kg. Punjab witnessed a slightly higher price range for cotton, between Rs 18,000 to Rs 18,200 per maund, with Phutti priced between Rs 7,000 to Rs 8,800 per 40 kg. These prices reflect the overall market stability, offering a consistent rate for sellers and buyers alike.
Balochistan’s Cotton and Phutti Prices
In Balochistan, the price of cotton remained steady, ranging between Rs 17,700 to Rs 17,800 per maund. The Phutti price in the region hovered between Rs 7,400 and Rs 8,500 per 40 kg. The rates in Balochistan were consistent with those in Sindh and Punjab, ensuring a balanced cotton market across the country.
High Volume of Cotton Sales in Various Regions
Significant trading activity was reported in various regions, including 4000 bales sold in Tando Adam between Rs 17,500 and Rs 17,800 per maund, 1200 bales in Sanghar, and 1600 bales in Shahdad Pur within the same price range. Other regions like Kotri, Moro, Rohri, and Saleh Pat also saw substantial trading volumes, with rates remaining consistent across different sales.
Stable Spot Rates and Polyester Fiber Prices
The official spot rate for cotton remained unchanged at Rs 17,800 per maund. Additionally, the price of Polyester Fiber was reported at Rs 357 per kg, reflecting stability in the synthetic fiber market. This steady trend indicates that both natural and synthetic fibers are maintaining balanced market prices, contributing to a healthy trading environment.
Conclusion
The cotton market in Pakistan continues to show stable prices and a satisfactory trading volume across key regions. With consistent cotton and Phutti rates in Sindh, Punjab, and Balochistan, and no significant changes in the spot rate, the market is expected to maintain this balanced trend. Traders and buyers can expect steady trading conditions in the coming days.
Tags:
Business