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 18,200 per head. The local cotton market remained firm and the business volume was satisfactory.
Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 18,100 to Rs 18,300 per head. The rate of footi in Sindh is between Rs 7,200 to Rs 8,200 per 40 kg. The rate of cotton in Punjab is Rs 18,300 to Rs 18,700 per head and cotton is Rs 7,200 to Rs 8,500 per 40 kg. Cotton rates in Balochistan range from Rs 18,100 to Rs 18,300 per head, while footy rates range from Rs 7,400 to Rs 8,400 per 40 kg.
About 400 bales of Hyderabad were sold at Rs.18,100 per head, 200 bales of Mirpur Khas at Rs.18,300 per head, 1400 bales of Shahdadpur at Rs.18,100 to Rs.18,300 per head, 400 bales of Sarhari were sold. 18,100 per head, 400 bales of Sarkand sold at Rs 18,100 per head, 1200 bales of Saleh Pat sold at Rs 18,100 to 18,300 per head, 200 bales of Moro at Rs 18,100 per head Sold from, 2000 knots Tando Adam, 1000 bales of Sanghar to Rs 18,300 per mind, 600 bales of Mian Channu sold Rs 18,650 to Rs 18,700 per mind, 200 knots of Laiya were sold by Rs 18,700 per mind, 800 knots of Pir. Mahal was sold for Rs.18,600 per head, Haasilpur for 200 bales at Rs.18,500, Vehari for Rs.18,300 to Rs.18,550 for 1600 bales, Haroonabad for Rs.18,400 to Rs.18,500 for 1200 bales. Per head, 600 bales of Chichavatni were sold at the rate of Rs.18,400 to Rs.18,500 per head, 200 bales of Fakir Wali were sold at the rate of Rs.18,500 per head, 400 bales of Fort Abbas were sold at the rate of Rs.18,400 per head, 200 bales of Chishtian were sold. 18,375 per head and 600 bales of Yazman Mandi were sold at Rs 18,300 to 18,375 per head and 400 bales of Burewala were sold at Rs 18,000 per head.
The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 200 per head and closed it at Rs 18,200 per head. Polyester fiber was available at Rs 360 per kg.
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