The local cotton market was upbeat on Monday with low trading volume. Cotton analyst Naseem Usman pointed out that unavailability of transport was behind the low trading volumes. It is expected to increase further after the Eid al-Fitr holidays.
He also informed that the price of cotton in Sindh ranges between Rs 17,000 to Rs 20,000 per head. The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg.
The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. Rahim Yar Khan sold for 5600 bales at Rs.21,000 per head (condition) and Marrot (323 bales) at Rs.19,300 per head. The spot rate remained unchanged at Rs 19,700 per head.
The rate of polyester fiber was increased by Rs 2 and was available at Rs 375 per kg.
