LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Thursday reduced the spot rate by Rs 800 per head and closed it at Rs 19,500 per head. The local cotton market remained subdued and the volume of business was satisfactory.
Cotton analyst Naseem Usman said that the rate of new crop of cotton in Sindh is Rs 18,000 to Rs 18,500 per maund. The rate of footi in Sindh is between Rs 8,000 to Rs 8,500 per 40 kg. The rate of cotton in Punjab is Rs 18,500 to 19,000 per head and the rate of cotton is Rs 8,000 to 8,500 per 40 kg in Punjab. Cotton rates in Balochistan range from Rs 18,300 to Rs 18,500 per head, while footy rates range from Rs 9,000 to Rs 9,500 per 40 kg.
About 400 bales of Saleh Pat were sold between Rs 19,700 to Rs 20,200 per maund, 2200 bales of Rohri were sold between Rs 19,800 to Rs 20,200 per maund, 1200 bales of Sui Gas were sold between Rs 19,700 to Rs 20,100 per maund. . Per maund, 400 bales of Khair Pur were sold at Rs 19,500 to Rs 20,300 per maund, 1200 bales of Mehraab Pur were sold at Rs 19,500 to Rs 20,100 per maund, 2400 bales of Sanghar were sold at Rs 19,200 to Rs 19,800 per maund. Sold at the rate of 2800 bales of Shahzad Pur were sold at Rs 19,300 to Rs 20,000 per maund, 300 bales of Tando Edam were sold at Rs 19,200 to Rs 20,000 per maund, 1800 bales of Nawab Shah were sold at Rs 19,000 to Rs 19,500 per maund, 600 bales were sold at Rs. Mian Wali's bales were sold between Rs 20,300 to Rs 20,600 per maund, 400 bales of Taunsa Sharif, 200 bales of Ahmed Pur East were sold at Rs 20,000 per maund, 600 bales of Fort Abbas, 600 bales of Harunabad were sold. Rs 20,500 to 20,800 per maund, 600 bales of Shujabad were sold at Rs 20,000 to 20,400 per maund, 800 bales of Yajman Mandi were sold at Rs 20,000 to 20,500 per maund, 600 bales of Hasilpur were sold at Rs 20,000 to 20,500 per maund. At Rs 19,900 to Rs 20,300 per maund, 800 bales of Burewala were sold at Rs 20,000 to Rs 20,100 per maund, 1800 bales of Laiya were sold at Rs 20,000 to Rs 20,500 per maund, 1000 bales of Rajan Pur were sold at Rs 20,000 to Rs 20,500 per maund. were sold Rs 20,500 per maund, 1000 bales of Samundri were sold at Rs 20,000 to Rs 20,500 per maund, 800 bales of Fakir Wali were sold at Rs 20,300 to Rs 20,400 per maund and 400 bales of Bahawalpur were sold at Rs 20,600 per maund.
The Spot Rate Committee of Karachi Cotton Association on Thursday reduced the spot rate by Rs 800 per maund and closed it at Rs 19,500 per maund. Polyester fiber was available at Rs 378 per kg.
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