LAHORE: The local cotton market remained stable on Wednesday with satisfactory trading volume.
Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 16,900 to Rs 17,100 per head. The rate of footi in Sindh is between Rs 6,500 to Rs 7,300 per 40 kg.
The rate of cotton in Punjab is between Rs 17,300 to Rs 17,500 per head and the rate of cotton is between Rs 7,200 to Rs 8,200 per 40 kg. The rate of cotton in Balochistan is Rs 17,100 per head while the rate of footy is between Rs 7,000 and Rs 7,300 per 40 kg.
About 400 bales of Shahdad Pur were sold at Rs.16,900 to Rs.17,200 per head, 8800 bales of Tando Adam at Rs.16,900 to Rs.17,200 per head, 3800 bales of Sanghar at Rs.16,750 to Rs.17,100 per head, 1400 bales were sold. 600 bales of Mirpur Khas, 600 bales of Hyderabad were sold at Rs.16,800 per head, 200 bales of Qazi Ahmed at Rs.16,875 per head, 200 bales of Kotri at Rs.16,800 per head, 400 bales of Shahpur Chakkar were sold. Rs 16,900 to Rs 17,000 per head, 200 bales of Gup Chani sold at Rs 17,000 per head, 400 bales of Haider Shah sold at Rs 16,900 per head, 200 bales of Nawab Shah sold at Rs 16,800 per head 400 bales were sold at the rate of Rs.17,000 per head of Dalawar Pur, 400 bales of Tando Muhammad Khan at Rs.16,900 per head, 800 bales of Harunabad at Rs.17,400 to Rs.17,500 per head, 600 bales of Miyan Channu at Rs.17,500. Per head, 800 bales of Burewala were sold at Rs.17,400 per head, 800 bales of Khanewal at Rs.17,500 to 17,600 per head, 1000 bales of Chichavatni at Rs.17,400 to 17,500 per head, 1200 bales of Vehari were sold at Rs.17,500 per head. 17,400 to Rs 17,500 per head, 2600 bales of Laiya for Rs 17,300 to Rs 17,500 per head, 400 bales of Haasil Pur at Rs 17,350 per head, 200 bales of Ahmed Pur Purvi at Rs 17,300 per head. 200 bales of Maund, Fazilpur were sold at Rs.17,400 per head, 200 bales of Kaur Lal Esan at Rs.17,400 per head and 200 bales of Multan at Rs.17,350 per head.
The spot rate remained unchanged at Rs 17,000 per head. Polyester fiber was available at Rs 350 per kg.
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