Steady trend was again witnessed on the cotton market on Monday in process of trading activity, dealers said. The official spot rate was unchanged at Rs 9000 they added. In the ready session, over 5000 bales of cotton changed hands between Rs 8850-9200, they said.
According to the market sources, the mills were keen to lay hands over the fine type to replenish their stock. In the meantime, the ginners, who have not enough stock, were trying to raise asking prices to gain maximum profit. Cotton analyst, Naseem Usman observed that import is so costlier and sowing has started in the Punjab, causing higher prices.
It is expected that cotton production may show some improvement due to special measures by the government, he said. In the international markets, prices were mixed during the trading session, they said. The following deals reported: 800 bales of cotton from Liaquatpur sold at Rs 8850, 400 bales from Alipur at the same rate and 3200 bales from Khanpur done at Rs 8900-9200, they said.

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The KCA Official Spot Rate for Local Dealings in Pakistan Rupees
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FOR BASE GRADE 3 STAPLE LENGTH 1-1/16"
                                    MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
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Rate              Ex-Gin   Upcountry   Spot Rate    Spot Rate    Difference
                    For      Price     Ex-Karachi  Ex. KHI. As   Ex-Karachi
                                                  on 27-04-2019
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37.324 kg         9,000       160        9,160         9,160            Nil
Equivalent
40 kgs            9,645       171        9,816         9,816            Nil
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