LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Tuesday increased the spot rate by Rs 200 per maund and closed it at Rs 20,000 per maund. The local cotton market remained steady and the trading volume remained satisfactory.
Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in between Rs 18,000 to Rs 20,000 per maund.
The rate of cotton in Punjab is in between Rs 18,500 to Rs 20,000 per maund. The rate of Phutti in Sindh is between Rs 7,000 to Rs 8,000 per 40 kg.
The rate of Phutti in Punjab is in between Rs 7,500 to Rs 9,200 per 40 kg.
He also told that 400 bales of Ghotki were sold at Rs 20,500 per maund, 200 bales of Hasil Pur were sold at Rs 18,500 per maund, 600 bales of Yazman Mandi were sold at Rs 19,250 per maund, 200 bales of Khan Pur were sold at Rs 19,800 per maund, 600 bales of Rahim Yar Khan were sold at Rs 20,000 per maund and 100 bales of Sahiwal were sold at Rs 20,500 per maund.
The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 200 per maund and closed it at Rs 20,000 per maund. Polyester Fiber was available at Rs 345 per kg.
Copyright Business Recorder, 2023
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