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LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Monday decreased the spot rate by Rs 500 per maund and closed it at Rs 17,500 per maund.
Cotton analyst Naseem Usman told Business Recorder that trading activity was low in the local cotton market. The arrival of Phutti is also low.
The Rate of cotton in Sindh is in between Rs 17,400 to Rs 17,500 per maund, while Phutti in the province is trading between Rs 8,000 to Rs 8,300 per 40 kilograms. In Punjab, cotton rates stand between Rs 17,775 to Rs 18,000 per maund, with Phutti fetching between Rs 8,000 to Rs 8,800 per 40 kilograms.
Copyright Business Recorder, 2026