LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 500 per maund and closed it at Rs 18,500 per maund. The local cotton market remained bullish and the trading volume remained satisfactory.
Cotton Analyst Naseem Usman told Business Recorder that the rate of new crop of cotton in Sindh is Rs 18,500 to Rs 19,000 per maund. The rate of Phutti in Sindh is in between Rs 8,500 to Rs 9,000 per 40 kg. The rate of cotton in Punjab Rs 19,500 to Rs 20,000 per maund and the rate of Phutti in Punjab are in between Rs 8,500 to Rs 9,000 per 40 kg. The rate of cotton in Balochistan is Rs 18,500 to Rs 19,000 per maund while the rate of Phutti is in between Rs 8,500 to Rs 9,000 per 40 Kg.
1600 bales of Khair Pur were sold at Rs 18,300 to Rs 18,500 per maund, 2400 bales of Saleh Pat were sold at Rs 18,400 to Rs 18,800 per maund, 600 bales of Rohri were sold at Rs 18,500 per maund, 1200 bales of Mir Pur Khas were sold at Rs 17,800 to Rs 18,200 per maund, 1200 bales of Shahdad Pur were sold at Rs 17,700 to Rs 18,050 per maund, 1400 bales of Tando Adam were sold at Rs 17,700 to Rs 18,050 per maund, 800 bales of Bahwalpur were sold at Rs 18,700 to Rs 19,000 per maund, 800 bales of Burewala were sold at Rs 18,500 to Rs 19,000 per maund, 2600 bales of Chichawatni were sold at Rs 18,500 to Rs 19,000 per maund, 600 bales of Donga Bonga were sold at Rs 18,800 to Rs 19,000 per maund, 1200 bales of Faqeer Wali were sold at Rs 18,800 to Rs 19,000 per maund, 800 bales of Gojra were sold at Rs 18,500 to Rs 18,800 per maund, 1400 bales of Haroonabad were sold at Rs 18,800 to Rs 19,000 per maund, 600 bales of Kabeerwala were sold at Rs 18,500 to 19,000 per maund, 300 bales of Khanewal were sold at Rs 19,000 to Rs 19,300 per maund, 400 bales of Kot Adu were sold at Rs 18,500 per maund, 800 bales of Layyah were sold at Rs 18,700 to Rs 19,200 per maund, 400 bales of Lodhran were sold at Rs 20,000 per maund, 400 bales of Mianwali were sold at Rs 19,000 per maund, 800 bales of Rahim Yar Khan, 400 bales of Chistian were sold at Rs 19,000 per maund, 200 bales of Shujabad were sold at Rs 18,500 per maund, 400 bales of Samundri were sold at Rs 18,500 per maund and 600 bales of Vehari were sold at Rs 18,800 to Rs 19,000 per maund.
The Spot Rate Committee of the Karachi Cotton Association increased the spot rate by Rs 500 per maund and closed it at Rs 18,500 per maund. Polyester Fiber was available at Rs 378 per kg.
Copyright Business Recorder, 2023
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