The Spot Rate Committee of Karachi Cotton Association (KCA) on Monday reduced the spot rate by Rs 2,00 per maund and closed it at Rs 16,800 per maund.
The local cotton market remained stable and the trading volume was satisfactory.
Cotton analyst Naseem Usman told Business Recorder that the cotton rate in Sindh is Rs 15,500 to Rs 17,000 per maund. The rate of footi in Sindh is between Rs 6,500 to Rs 7,800 per 40 kg.
The rate of cotton in Punjab is Rs 16,500 to 17,000 per maund and the rate of cotton in Punjab is Rs 6,800 to 7,800 per 40 kg. Cotton rates in Balochistan range from Rs 16,500 to Rs 16,800 per maund while cotton rates range between Rs 7,000 to Rs 8,000 per 40 kg.
1000 bales of Shahdad Pur, 1000 bales of Tando Edam were sold at Rs 15,800 to Rs 16,000 per maund, 200 bales of Sui Gas, 200 bales of Korondi were sold at Rs 16,400 per maund, 400 bales of Saleh Pat were sold at Rs 16,400 per maund. Per maund, 200 bales of Mir Pur Mathelo were sold at Rs 17,100 per maund (Primax), 600 bales of Fakir Wali were sold at Rs 16,650 per maund.
The Spot Rate Committee of Karachi Cotton Association on Monday reduced the spot rate by Rs 2,00 per maund and closed it at Rs 16,800 per maund. The rate of polyester fiber was reduced by Rs 10 per kg and is available at Rs 360 per kg.
Source: Business Recorder, 2023
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