LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Thursday hiked the spot rate by Rs 500 per head and closed it at Rs 19,400 per head. The local cotton market remained buoyant and the volume of business was satisfactory.
Cotton analyst Naseem Usman told that the spot rate has increased by Rs 900 in two days. The rate of new cotton crop in Sindh is Rs 19,500 per head. The rate of footi in Sindh is between Rs 8,000 to Rs 9,000 per 40 kg. Cotton rates in Punjab range from Rs 20,000 to Rs 20,200 per head and cotton between Rs 8,000 to Rs 9,000 per 40 kg. Cotton rates in Balochistan range from Rs 19,000 to Rs 19,700 per head, while footy rates range from Rs 8,000 to Rs 9,000 per 40 kg.
Around 600 bales of Hyderabad, 800 bales of Mirpur Khas, 1600 bales of Sanghar, 200 bales of Nawab Shah, 200 bales of Sarkand, 1200 bales of Shahdadpur were sold at Rs.19,000 per head, 3400 bales of Saleh Pat were sold 19,000 to Rs 19,200 per head, 2400 bales of Tando Adam sold for Rs 18,325 to Rs 19,100 per head, 800 bales of Mehrab Pur Rs 19,100 per head, 600 bales of Miyan Channu, 1200 bales of Lodhran were sold. 20,000 per head, 200 bales of Chishtian, 400 bales of Fakir Wali were sold at 19,500 per head, 600 bales of Vehari were sold at 19,500 to 19,700 per head, 200 bales of Bahawalpur 19,100 Sold at the rate of Rs. per head. , Chichavatni 400 bales, Dera Ghazi Khan 800 bales were sold at Rs 19,700 per head, Dera Ghazi Khan 800 bales at Rs 19,500 to Rs 20,000 per head, Layya 800 bales at Rs 19,400 to Rs 19,600 Sold at the rate of per head. Man, Haroonabad 600 bales was sold at Rs 19,600 to Rs 19,800 per head, Murid Wala 200 bales at Rs 19,900 per head, Haasil Pur 200 bales, Gojra 200 bales, Burewala 400 bales at Rs 19,800 per head. Per head, Arif Wala 200 bales, Ahmed Pur East 200 bales were sold at Rs 19,500 per head, Fort Abbas 600 bales at Rs 19,700 per head, Winder 600 bales, Lasbela 600 bales and Utal 600 bales per head. Sold at the rate of Rs.19,000 per head.
The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 400 per head and closed it at Rs 19,400 per head. Polyester fiber was available at Rs 365 per kg.
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