LAHORE: The local cotton market remained stable on Thursday with low trading volumes due to rains in the cotton belt of Sindh and Punjab.
Cotton analyst Naseem Usman told the Business Recorder that the new cotton crop rate in Sindh is between Rs 17,800 and Rs 17,900 per head. The rate of footi in Sindh is between Rs 7,200 to Rs 7,800 per 40 kg. The rate of cotton in Punjab is between Rs 18,200 to Rs 18,300 per head and the rate of foot is between Rs 7,000 to Rs 8,500 per 40 kg.
Cotton rates in Balochistan range from Rs 17,800 to Rs 17,900 per head, while footy rates range from Rs 7,200 to Rs 7,800 per 40 kg.
About 400 bales of Shahdad Pur, 200 bales of Nawab Shah were sold at Rs.17,800 per head, 600 bales of Gojra at Rs.17,900 per head and 200 bales of Raw Khoo at Rs.18,100 per head.
The spot rate remained unchanged at Rs 17,935 per head. Polyester fiber was available at Rs 345 per kg.
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