LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Monday hiked the spot rate by Rs 300 per head and closed it at Rs 17,300 per head.
The local cotton market remained stable and the trading volume was satisfactory. Cotton analyst Naseem Usman told the Business Recorder that the new cotton crop rate in Sindh is between Rs 17,200 and Rs 17,400 per head. The rate of footi in Sindh is between Rs 7,300 to Rs 7,600 per 40 kg.
The rate of cotton in Punjab is between Rs 17,600 to Rs 17,700 per head and the rate of cotton is between Rs 7,200 to Rs 8,000 per 40 kg. Cotton rates in Balochistan range from Rs 17,200 to Rs 17,300 per head, while footy rates range from Rs 7,200 to Rs 7,700 per 40 kg.
Around 7,000 bales of Tando Adam were sold between Rs 17,400 to Rs 17,800 per head, 3,000 bales of Shahdad Pur, 1600 bales of Mir Pur Khas were sold between Rs 17,300 to Rs 17,800 per head, 32,00 bales of Sanghar were sold . 17,300 to Rs 17,600 per head, Hyderabad 400 bales at Rs 17,500 per head, Miyan Channu 200 bales, Haroonabad 1000 bales, Pir Mahal 200 bales and Lodhran 200 bales at Rs 18,000 per head.
The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 300 per head and closed it at Rs 17,300 per head. The rate of polyester fiber decreased by Rs 5 per kg and is available at Rs 345 per kg.
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