LAHORE: The local cotton market remained stable on Monday with satisfactory trading volume.
Cotton analyst Naseem Usman told the Business Recorder that the rate for the new crop of cotton in Sindh is between Rs 17,000 and Rs 17,300 per head. The rate of footi in Sindh is between Rs 7,000 to Rs 7,400 per 40 kg.
The rate of cotton in Punjab is between Rs 17,500 to Rs 17,600 per head and the rate of foot is between Rs 7,000 to Rs 8,300 per 40 kg. Cotton rates in Balochistan range from Rs 17,000 to Rs 17,200 per head, while footy rates range from Rs 7,200 to Rs 7,500 per 40 kg.
About 3600 bales of Tando Adam were sold at the rate of Rs.17,000 to Rs.17,200 per head, 1600 bales of Shahdad Pur were sold at the rate of Rs.17,000 to Rs.17,200 per head, 1400 bales of Sanghar at the rate of Rs.17,000 to Rs.17,200 per head 600 bales of Mirpur Khas were sold at Rs.7,000 per head, 400 bales of Hyderabad at Rs.17,100 per head, 800 bales of Kotri at Rs.17,000 to Rs.17,250 per head, 200 bales of Maqsuda Rind, 200 bales of Shah were sold. 400 bales of Pur Chakar, Khadro, 200 bales of Hala were sold at Rs 17,000 per head, 800 bales of Haasil Pur were sold at Rs 17,400 to 17,500 per head, 1600 bales of Chichavatni at Rs 17,600 per head 1400 bales were sold from, Vehari sold at Rs 17,400 to Rs 17,450 per head, Burewala 800 bales at Rs 17,400 per head, Taunsa Sharif 200 bales, Rajan Pur 200 bales, Dera Ghazi Khan 200 bales, Pir Mahal 400 bales were sold 200 bales of Samudri, 400 bales of Lodharan were sold at Rs.17,500 per head, 1,000 bales of Khanewal at Rs.17,500 to Rs.17,600 per head and 200 bales of Harunabad at Rs.17,500 per head.
The spot rate remained unchanged at Rs 17,000 per head. Polyester fiber was available at Rs 350 per kg.
