A look at Pakistan's cotton market
On Monday, the local market was flat with low trading volumes. Cotton analyst Naseem Usman said that the price of cotton in Sindh is Rs 19,000 to Rs 22,000 per head. Cotton rates in Punjab range from Rs 19,000 to Rs 22,000 per head.
The rate of footi in Sindh ranges from Rs 6,500 to Rs 9,000 per 40 kg. The rate of footi in Punjab is Rs 7,000 to Rs 10,500 per 40 kg. He also informed that 600 bales of Fort Abbas, 400 bales of Fakir Wali, 400 bales of Haroonabad were sold at Rs 20,000 per head and 800 bales of Sadiqabad at Rs 21,500 to Rs 22,000 per head.
The spot rate remained unchanged at Rs 21,800 per head. The rate of polyester fiber was increased by Rs 5 and was available at Rs 345 per kg.
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