Pakistan: Strong trend in cotton market
LAHORE: The local cotton market remained stable on Tuesday with satisfactory trading volume.
Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 17,500 to Rs 17,800 per head. The rate of footi in Sindh is between Rs 7,000 to Rs 8,000 per 40 kg. The rate of cotton in Punjab is between Rs 18,000 to Rs 18,500 per head and the rate of foot is between Rs 8,000 to Rs 9,200 per 40 kg.
About 800 bales of Hyderabad, 800 bales of Mirpur Khas, 2600 bales of Tando Adam, 1200 bales of Sanghar, 600 bales of Shahdadpur were sold for Rs.17,500 to Rs.17,700 per head, 400 bales of Burewala were sold for Rs.18,500. Chichavatni 200 bales, Haasilpur 200 bales, Sadiqabad 200 bales, Miyan Channu 200 bales were sold at Rs 18,500 per head, Khanewal 400 bales at Rs 18,400 to Rs 18,500 per head and 200 bales were sold at Rs 18,500 per head. Murid Wala sold at the rate of Rs 18,500 per head.
The spot rate remained unchanged at Rs 17,500 per head. Polyester fiber was available at Rs 355 per kg.
