LAHORE: The local cotton market remained stable on Monday with low trading volumes. Cotton analyst Naseem Usman told Business Recorder that the rate of new cotton crop in Sindh is between Rs 17,700 and Rs 17,800 per head.
The rate of footi in Sindh is between Rs 7,200 to Rs 7,800 per 40 kg. The rate of cotton in Punjab is between Rs 17,900 to Rs 18,300 per head and the rate of foot is between Rs 7,500 to Rs 9,000 per 40 kg. Cotton rates in Balochistan range from Rs 17,700 to Rs 17,800 per head, while footy rates range from Rs 7,500 to Rs 8,300 per 40 kg.
Tando Adam was sold for 2600 bales, Shahzadpur 1800 bales at Rs.17,750 to Rs.17,800 per head, Sanghar 200 bales, Nuabad 200 bales, Laiya 800 bales at Rs.17,700 per head, Maqsood Rind 200 bales were sold. 17,600 per head and 200 bales of Burewala were sold at Rs.18,100 per head.
The spot rate remained unchanged at Rs 17,935 per head. Polyester fiber was available at Rs 350 per kg.
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