PAKISTAN COTTON MARKET UPDATE
Cotton prices drift lower amid slow trading
The Spot Rate Committee of the Karachi Cotton Association on Thursday decreased the spot rate by Rs 300 per maund and closed it at Rs 14100 per maund.
The Spot Rate Committee of the Karachi Cotton Association on Thursday decreased the spot rate by Rs 300 per maund and closed it at Rs 14100 per maund. The Polyester Fiber was available at Rs 225 per kg.
The local cotton market remained bearish and trading volume remained satisfactory.
The rate of cotton in Sindh is in between Rs 11000 to Rs 14200 per maund and the rate of cotton in Punjab is in between Rs 14000 to Rs 14300 per maund.
The rate of the new crop of Phutti in Sindh was in between Rs 4000 to Rs 6000 per 40 kg. The rate of Phutti in Punjab is in between Rs 5500 to Rs 6300 per 40 kg. The rate of Banola in Sindh is in between Rs 13550 to Rs 1900 per maund. The rate of Banola in Punjab is in between Rs 1000 to Rs 1900 per maund. The rate of cotton in Balochistan is in between Rs 13400- 14400 per maund. The rate of Phutti in Balochistan is Rs 5800- 6200 per maund. 600 bales of Ghotki, 1000 bales of Dharki were sold at Rs 14300 per maund, 2000 bales of Khair Pur, 600 bales of Mir Pur Mathelo were sold at Rs 13600 to Rs 13900 per maund, 200 bales of Sarhad were sold at Rs 14325 were sold at Rs 14325 per mand, 1200 bales of Mian Wali were sold at Rs 14150 per maund to Rs 14500 per maund, 200 bales of Chichawatni were sold at Rs 14150 per maund, 800 bales of Tunsa Shareef, 200 bales of Donga Bonga, 800 bales of Haroonabad were sold at Rs 14000 per maund, 200 bales of Ali Pur were sold at Rs 13900 per maund, 400 bales of Layyah were sold at Rs 13700 to Rs 13800 per maund, 400 bales of Fort Abbas were sold at Rs 14200 to Rs 14300 per maund, 200 bales of Faqeer Wali were sold at Rs 14200 per maund and 200 bales of Hasil Pur were sold at Rs 14000 per maund.
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