Pakistan: The trend of declining spot rate continues amid light business.
LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Monday reduced the spot rate by Rs 2,00 per head and closed it at Rs 17,500 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 17,700 to Rs 17,800 per head.
The rate of footi in Sindh is between Rs 7,000 to Rs 8,000 per 40 kg. The rate of cotton in Punjab is between Rs 18,000 to Rs 18,200 per head and the rate of cotton is between Rs 7,500 to Rs 8,500 per 40 kg.
200 bales of Sanghar were sold at Rs.17,300 per head, 1000 bales of Khadro, 1000 bales of Shahpur Chakkar at Rs.17,400 to Rs.17,500 per head, 1200 bales of Tando Edam were sold at the rate of Rs.16,800 to Rs.17,400 per head. Kotri sold for Rs.16,800 to Rs.16,900 per head in 400 bales, Shahdadpur in 600 bales for Rs.17,300 to Rs.17,500 per head, Hyderabad in 600 bales for Rs.17,200 to Rs.17,400 per head, Khanewal in 600 bales. 18,000 to 18,500 per head, 200 bales of Haasil Pur were sold at 18,000 per head, 600 bales of Vehari and 200 bales of Chichavatni were sold at 18,500 per head and 400 bales of Winder Bales were sold at the rate of Rs.17,300. to Rs.17,400 per head.
The Spot Rate Committee of the Karachi Cotton Association reduced the spot rate by Rs 2,00 per head and closed it at Rs 17,500 per head. Polyester fiber was available at Rs 355 per kg.
