Slow trading in Pakistan's cotton market
The local cotton market was bearish on Monday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 17,000 to Rs 19,000 per head. The rate of cotton in Punjab is Rs 18,000 to Rs 19,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,000 per 40 kg.
The rate of footi in Punjab is 6500 to 8500 rupees per 40 kg. 200 bales of Mirpur Mathelo were sold for Rs.19,000 per head, 400 bales of Ghotki for Rs.18,800 per head, 419 bales of Sadiqabad were sold for Rs.18,700 per head.
The spot rate remained unchanged at Rs 19,000 per head. Polyester fiber was available at Rs 355 per kg.
