LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Thursday hiked the spot rate by Rs 200 per head and closed it at Rs 16,700 per head.
The local cotton market was tight and the trading volume remained satisfactory. Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 17,000 to Rs 17,200 per head. The rate of footi in Sindh is between Rs 6,800 to Rs 7,200 per 40 kg.
The rate of cotton in Punjab is between Rs 17,300 to Rs 17,500 per head and the rate of cotton is between Rs 7,200 to Rs 8,500 per 40 kg. Cotton rates in Balochistan range from Rs 16,800 to Rs 17,000 per head, while footy rates range from Rs 72,00 to Rs 8,500 per 40 kg.
About 800 bales Jhole Rs 17,000 per head, 1000 bales Shah Pur Chakkar Rs 16,800 to Rs 16,950 per head, Kotri 400 bales Rs 16,600 to Rs 17,000 per head, 400 moro sold. 16,800 to Rs 16,850 per head, Mirpur Khas 1400 bales sold for Rs 16,575 to Rs 17,000 per head, Shah Dadpur 1800 bales sold for Rs 16,500 to Rs 16,800 per head, Chichavatni sold 800 bales. Rs 17,000 to Rs 17,100 per head, 800 bales of Miyan Channu Rs 17,100 to Rs 17,200 per head, 200 bales of Layya Rs 16,900 per head, 200 bales of Khanewal, 200 bales of Sahiwal were sold. 17,300 per head, 400 bales of Pir Mahal, 1600 bales of Burewala at Rs 16,900 to 17,200 per head and 400 bales of Sadiqabad were sold at Rs 17,000 per head.
The spot rate committee of the Karachi Cotton Association (KCA) increased the spot rate by Rs 200 per head and closed it at Rs 16,700 per head. Polyester fiber was available at Rs 350 per kg.
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