LAHORE: The local cotton market remained stable on Tuesday with low trading volume.
Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 14,000 to Rs 16,500 per maund. The rate of footi in Sindh is between Rs 6,000 to Rs 7,800 per 40 kg. The rate of cotton in Punjab is Rs 14,000 to 16,400 per maund and the rate of cotton in Punjab is Rs 6,500 to 8,500 per 40 kg. Cotton rates in Balochistan range from Rs 15,000 to Rs 15,500 per maund while cotton rates range between Rs 7,000 to Rs 8,200 per 40 kg.
Naseem also said that according to the data released by Pakistan Cotton Ginners Association, about 60 lakh bales reached cotton factories till October 15.
Approximately, 200 bales of Mir Pur Khas were sold at the rate of Rs 13,700 per maund, 200 bales of Fort Abbas were sold at the rate of Rs 15,300 per maund, 200 bales of Chichjawatni were sold at the rate of Rs 14,900 per maund, Rahim Yar Khan 400 bales were sold. 200 bales of Chishtian were sold at Rs 16,200 per maund, 200 bales of Chishtian were sold at Rs 15,300 per maund, 200 bales of Tundsa Sharif were sold at Rs 15,200 per maund, 200 bales of Murid Wala were sold at Rs 14,800 per maund, 200 bales of Laiya were sold at Rs 14,800 per maund. 200 Lodharan were sold at Rs 15,700 per maund and 200 Lodharan were sold at Rs 15,800 per maund.
Spot rate remained unchanged at Rs 16,000 per maund. Polyester fiber was available at Rs 350 per kg.
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