PAKISTAN COTTON MARKET UPDATE*
*Upward trend persists on cotton market*
*The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by RS 100 per maund and closed it at Rs 13300 per maund.*
*The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by RS 100 per maund and closed it at Rs 13300 per maund. The rate of Polyester Fiber was increased by Rs 3 per Kg and was available at Rs 225 per kg.*
*The local cotton market on Monday remained bullish and trading volume remained a little bit low. 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 12000 to Rs 13500 per maund and the rate of cotton in Punjab is in between Rs 13300 to Rs 13700 per maund.*
*The rate of the new crop of Phutti in Sindh was in between Rs 5400 to Rs 6000 per 40 Kg. The rate of Phutti in Punjab is in between Rs 5400 to Rs 6100 per 40 kg. The rate of Banola in Sindh is in between Rs 1700 to Rs 1800 per maund. The rate of Banola in Punjab is in between Rs 1700 to Rs 1850 per maund. The rate of cotton in Balochistan is in between Rs 13400-13700 per maund. The rate of Phutti in Balochistan is Rs 6200- 6700 per maund.*
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