*PAKISTAN COTTON MARKET UPDATE*
*Official spot rate recovers more grounds*
*The Spot Rate Committee of the Karachi Cotton Association (KCA) on Tuesday increased the spot rate by RS 300 per maund and closed it at Rs 13600 per maund.*
*The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by RS 300 per maund and closed it at Rs 13600 per maund. The Polyester Fiber was available at Rs 225 per kg.*
*The local cotton market on Tuesday remained bullish and trading volume remained a little bit low due to rains in cotton growing areas of Sindh and Punjab.*
*Cotton Analyst Naseem Usman told Business Recorder that positive aspects of news of ending of trade war between China and America beginning to be seen in cotton markets of the world including Pakistan.*
*The rate of cotton in Sindh is in between Rs 12500 to Rs 13800 per maund and the rate of cotton in Punjab is in between Rs 13800 to Rs 14100 per maund.*
*The rate of the new crop of Phutti in Sindh was in between Rs 5500 to Rs 6100 per 40 kg. The rate of Phutti in Punjab is in between Rs 5500 to Rs 6100 per 40 kg. The rate of Banola in Sindh is in between Rs 1450 to Rs 1700 per maund. The rate of Banola in Punjab is in between Rs 1650 to Rs 1850 per maund. The rate of cotton in Balochistan is in between Rs 13500-13800 per maund. The rate of Phutti in Balochistan is Rs 6200-7200 per maund.*
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