LAHORE: Cotton analyst Naseem Usman said cotton market is generally calm amid low arrival of footy after recent rains. The buyer remains conscious of the heavy moisture in the cotton and remains on the sidelines waiting for the quality to improve. The issue of large number of pending deliveries is a matter of concern for the buyer and the seller.
He also told that the rate of new cotton crop in Sindh is between Rs 17,500 to Rs 17,900 per head. The rate of footi in Sindh is between Rs 6,500 to Rs 7,300 per 40 kg. The rate of cotton in Punjab is between Rs 18,100 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 7,000 to Rs 7,500 per 40 kg.
Around 1400 bales of Tando Adam were sold between Rs 17,400 to Rs 17,800 per head, 1200 bales of Shahdad Pur were sold between Rs 17,700 to Rs 17,800 per head, 1000 bales of Sanghar were sold between Rs 17,400 to Rs 17,800 per head . 200 bales of Maqsuda Rind, 200 bales of Badin, 400 bales of Khadro at Rs.17,800 per head, 400 bales of Daur, 400 bales of Kotri at Rs.17,700 per head, 400 bales of Khanewal at Rs.18,300 per head. Per head, 600 bales of Lodharan were sold at Rs.18,100 to Rs.18,300 per head, 200 bales of Haasil Pur at Rs.18,100 per head and 200 bales of Murid Wala at Rs.18,100 per head.
The spot rate remained unchanged at Rs 17,935 per head. Polyester fiber was available at Rs 350 per kg.
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