Recession 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 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.
The spot rate remained unchanged at Rs 18,700 per head. The rate of polyester fiber was increased by Rs 3 and was available at Rs 358 per kg.
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