LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Monday hiked the spot rate by Rs 100 per head and closed it at Rs 18,400 per head. The local cotton market remained buoyant and the volume of business was satisfactory.
Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 18,400 to Rs 18,500 per head. The rate of footi in Sindh is between Rs 7,500 to Rs 8,500 per 40 kg. The rate of cotton in Punjab is Rs 19,000 per head and the rate of cotton is between Rs 7,800 to Rs 8,600 per 40 kg. Cotton rates in Balochistan range from Rs 18,400 to Rs 18,500 per head, while footy rates range from Rs 8,000 to Rs 8,600 per 40 kg.
About 200 bales of Nawab Shah, 1000 bales of Chaudagi, 200 bales of Bukhari, 200 bales of Sultanabad were sold at Rs 18,300 per head, 600 bales of Tando Adam, 3800 bales of Shahdadpur were sold at the rate of Rs 18,300 to Rs 18,400 per head. 200 bales of Mir Pur Khas, 400 bales of Khadro, 200 bales of Saleh Pat were sold at the rate of Rs 18,200 per head, 200 bales of Saleh Pat were sold at the rate of Rs 18,200 to 18,300 per head, 800 bales of Khair Pur Sold for Rs.18,200 to Rs.18,300 per head, 200 bales of Daur sold for Rs.18,200 to Rs.18,225 per head, 600 bales of Fakir Wali sold for Rs.18,800 to Rs.19,000 per head, 800 bales of Fort Abbas sold for Rs.18,800. 19,000 per head, Chishtian 600 bales, Marot 400 bales, Harunabad 1000 bales, Rahim Yar Khan 1200 bales at Rs 18,800 per head, Chichavatni 200 bales, Miyan Channu 200 bales at Rs 18,900. Per mind, 400 bales of Lodharan were sold at Rs.18,800 to Rs.18,900 per mind.
The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 100 per head and closed it at Rs 18,400 per head. The rate of polyester fiber was increased by Rs 5 and was available at Rs 365 per kg.
