The spot rate committee of the Karachi Cotton Association (KCA) on Tuesday hiked the spot rate by Rs 300 per head and closed it at Rs 20,000 per head. Polyester fiber was available at Rs 375 per kg.
The local cotton market was booming and the volume of business was satisfactory. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head. The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head.
The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.
