LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Monday reduced the spot rate by Rs 1,000 per head and closed it at Rs 16,500 per head.
The local cotton market remained stable and the trading volume was satisfactory. Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 16,300 to Rs 16,500 per head. The rate of footi in Sindh is between Rs 6,700 to Rs 72,00 per 40 kg. The rate of cotton in Punjab ranges from Rs 17,000 to Rs 17,200 per mane and cotton between Rs 7,500 to Rs 8,500 per 40 kg.
About 4,200 bales of Tando Adam were sold at Rs.16,400 to Rs.16,700 per head, 2200 bales of Sanghar at Rs.16,200 to Rs.16,500 per head, 1200 bales of Shah Pur Chakar, 1800 bales of Mir Pur Khas at Rs.16,500 per head. 16,500 to Rs 16,600 per head, 1600 bales of Shahdadpur were sold for Rs 16,400 to 16,600 per head, 800 bales of Hyderabad were sold for Rs 16,300 to 16,500 per head, 800 bales of Khando, 800 bales of Tando Muhammad were sold. 16,400 per head, 400 bales of Rajanpur were sold at 16,850 per head, 600 bales of Chichavatni were sold at 17,000 per head and 800 bales of Burewala were sold at 17,200 to 17,300 per head Sold at rate.
The spot rate committee of the Karachi Cotton Association reduced the spot rate by Rs 1,000 per head and closed it at Rs 16,500 per head. Polyester fiber was available at Rs 355 per kg.
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