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 16,400 to Rs 16,500 per head. The rate of footi in Sindh is between Rs 6,700 to Rs 7,200 per 40 kg. The rate of cotton in Punjab is between Rs 17,000 to Rs 17,300 per head and the rate of cotton is between Rs 7,500 to Rs 8,700 per 40 kg.
Chichavatni sold for Rs 17,000 to Rs 17,200 per head in 1200 bales, Vehari in Rs 17,200 to Rs 17,500 per head, Khanewal in 1400 bales for Rs 16,950 to Rs 17,700 per head, Burewala in 400 bales. Sold for Rs.17,200 per head, 200 bales of Jahaniya, 200 bales of Haasilpur sold for Rs.17,000 per head, 200 bales of Peer Mahal, 200 bales of Samudri sold for Rs.16,900 per head, 600 bales of Hyderabad sold at the rate of Rs.16,700 per head , 400 bales of Mirpur Khas were sold at the rate of Rs.16,400 to Rs.16,500 per head, 400 bales of Khadro, 400 bales of Chodgi were sold at the rate of Rs.16,500 per head, 3600 bales of Tando Edam were sold at the rate of Rs.16,200 Gone. 16,700 per head, 2400 bales of Sanghar was sold at Rs.16,300 to Rs.16,500 per head and 2600 bales of Shahdadpur were sold at Rs.16,400 to Rs.16,700 per head.
The spot rate remained unchanged at Rs 16,500 per head.
The rate of polyester fiber decreased by Rs 5 per kg and is available at Rs 350 per kg.
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