*pakistan cotton market update*
*sluggish business in cotton market*
*The local cotton market remained stagnant on Monday and trading volumes remained low.*
*The spot rate remained unchanged at Rs 15,900 per mind. Polyester fiber was available at Rs 247 per kg.*
*Cotton analyst Naseem Usman told that the rate of cotton in Sindh has been recorded in the range of Rs 12,500 to Rs 16,500 per mand and in Punjab the rate of cotton has been recorded between Rs 14,200 and Rs 16,500 per mind.*
*In Sindh, the price of new foot crop was between Rs 5000 and Rs 7,000 per 40 kg.* *Whereas in Punjab, the price of ftti was between Rs 5,800 and Rs 7,300 per 40 kg.*
*Similarly, the price of cotton in Balochistan remained at Rs 13,800 to Rs 16,200 per mand while the prices of footti were higher in comparison to Rs 6,200 to 79,00 per mand in the other two provinces, Naseem Usman said.*
*The price of Banola in Sindh was between Rs 1,350 and Rs 2,000 per mind. Whereas in Punjab the price of Banola was between Rs 1650 to Rs 2100 per mind.*
*600 bales of Lodharan sold for Rs 16200 per mind, 400 bales of Khanpur at Rs 16100 per mind and 200 bales of Fakir Wali sold at Rs 16000 per mind.*
*Naseem Usman said that despite the fall in the dollar value, cotton prices remained high.*
*The United States (USA) remained the top export destination for Pakistani products during the first three months of the current financial year (2021–22), followed by China and the United Kingdom (UK).*
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