LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Friday increased the spot rate by Rs 400 per maund and closed it at Rs 19,000 per maund.
Cotton Analyst Naseem Usman told Business Recorder that the local cotton market remained firm and the trading volume remained satisfactory. He also told that the rate of cotton increased due to panic buying by the mills.
He further told that the rate of cotton in Sindh is in between Rs 19,300 to Rs 19,500 per maund, while Phutti in the province is trading between Rs 8,800 to Rs 9,300 per 40 kilograms.
In Punjab, cotton rates stand between Rs 19,200 to Rs 19,300 per maund, with Phutti fetching between Rs 8,700 to Rs 9,400 per 40 kilograms.
The rate of cotton in Balochistan is in between Rs 19,300 to Rs 19,500 per maund. The rate of Phutti is in between Rs 9,000 to Rs 9,500 per 40 kg.
Copyright Business Recorder, 2026