LAHORE: The local cotton market remained stable on Monday with satisfactory trading volume.
Cotton analyst Naseem Usman told that the rate of new crop of cotton in Sindh and Punjab is Rs 20,000 per head. The rate of footi in Sindh and Punjab ranges from Rs 9,000 to Rs 9,200 per head.
600 bales of Sanghar and 1,000 bales of Tando Adam were sold at Rs 20,000 per head.
The spot rate remained unchanged at Rs 20,000 per head.
The rate of polyester fiber was reduced by Rs 10 per kg and was available at Rs 355 per kg.
