LAHORE: The local cotton market remained stable on Thursday with satisfactory trading volume.
Cotton analyst Naseem Usman told that the Karachi Cotton Association has officially released the spot rate of the new cotton crop for the year 2023-24.
He also informed 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.
Tando Adam was sold for Rs.20,000 per head in 200 bales, Sanghar in 600 bales at Rs.20,000 to Rs.20,300 per head, Hyderabad in 200 bales at Rs.20,100 per head and Burewala in 100 bales at Rs.20,000 per head. 20,000 per head. The spot rate remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 365 per kg.
