LAHORE: The local cotton market remained stable on Monday with low trading volumes due to rains in the cotton belt of Sindh and Punjab.
Cotton analyst Naseem Usman said 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 7,800 per 40 kg. The rate of cotton in Punjab is between Rs 18,000 to Rs 18,200 per head and the rate of cotton is between Rs 7,000 to Rs 8,400 per 40 kg. Cotton rates in Balochistan range from Rs 17,600 to Rs 17,800 per head, while footy rates range from Rs 7,000 to Rs 8,400 per 40 kg.
Badin 400 bales was sold at Rs.17,800 per head, Tando Adam 800 bales, Shahdadpur 600 bales, Ghupchani 200 bales at Rs.17,900 per head, Sanghar 800 bales at Rs.17,700 to Rs.17,900 per head. Maund, Maqsuda Rind in 200 bales was sold at Rs.17,800 per head and Dor in 400 bales at Rs.17,700 per head.
The spot rate remained unchanged at Rs 17,935 per head. Polyester fiber was increased by Rs 5 per kg and was available at Rs 350 per kg.
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