*PAKISTAN COTTON MARKET UPDATE*
*Spot rate stable amid lean business*
*The Spot Rate remained unchanged at Rs 17500 per maund on the cotton market on Monday.*
*The Spot Rate remained unchanged at Rs 17500 per maund. The Polyester Fiber was available at Rs 250 per kg.*
*Cotton Analyst Naseem Usman told that market remained steady and the trading volume remained low. He also said that that rate of quality cotton rate reached at the highest level of Rs 18000 per maund while the rate of Phutti reached at Rs 8800 per 40 g.*
*He said rate of cotton in Sindh remained between Rs 14500 to Rs 18000 per maund and the rate of cotton in Punjab was registered at Rs 16400 to Rs 18000 per maund. The rate of the new crop of Phutti in Sindh was remained between Rs 5500 to Rs 7,900 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 8400 per 40 kg.*
*Similarly, prices of cotton in Balochistan were remained at Rs 14500 to 16,500 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,300 to 8800 per maund, said Naseem Usman.*
*The rate of Banola in Sindh was in between Rs 1,350 to Rs 2200 per maund. While in Punjab rates of Banola were in between Rs 1,650 to Rs 2,200 per maund.*
*As many as 200 bales of Sarkand were sold at Rs 16000 per maund, 200 bales of Yazman Mandi, 100 bales of Haroonabad were sold at Rs 16500 per maund and 400 bales of Rahim Yar Khan were sold at Rs 18000 per maund.*
*The value-added textile export sector profoundly appreciates the government thoughtfulness to ensure uninterrupted supply to the export industries during winter season.*
Regards
Team Sis
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