Pakistan's cotton spot price rises by Rs 300 per maund
The spot rate committee of the Karachi Cotton Association (KCA) on Thursday increased the spot rate by Rs 3,00 per head and closed it at Rs 19,300 per head. The local cotton market remained stable and there was a slight improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head.
The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. Dherki in 1200 bales was sold at Rs.20,000 per head, Rahim Yar Khan in 1001 bales at Rs.18,500 to Rs.19,800 per head, Multan in 100 bales at Rs.19,350 per head and Haroonabad in 400 bales at Rs.19,000 per head.
The spot rate committee of the Karachi Cotton Association (KCA) increased the spot rate by Rs 3,00 per head and closed it at Rs 19,300 per head. Polyester fiber was available at Rs 373 per kg.
