LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs200 per maund and closed it at Rs17,500 per maund.
Cotton Analyst Naseem Usman told Business Recorder that the local cotton market on Monday remained steady and the trading volume remained a little low.
He also told that the rate of cotton in Sindh is in between Rs16,000 to Rs17,800 per maund. The rate of Phutti in Sindh is in between Rs6,500 to Rs7,600 per 40 kg.
The rate of cotton in Punjab is in between Rs16,500 to Rs17,700 per maund. The rate of Phutti in Punjab is in between Rs7,500 to Rs8,800 per 40 kg.
The rate of cotton in Balochistan is in between Rs16,500 to Rs17,300 per maund. The rate of Phutti in Balochistan is in between Rs7,400 to Rs9,200 per 40 kg. The rate of Balochi Cotton is in between Rs18,500 to Rs18,800 per maund. The rate of Primark cotton is Rs18,800 to Rs18,900 per maund.
200 bales of Burewala were sold at Rs17,600 per maund and 200 bales of Mianwali were sold at Rs17,500 per maund.
The Spot Rate Committee of the Karachi Cotton Association increased the spot rate by Rs200 per maund and closed it at Rs17,500 per maund. Polyester Fiber was available at Rs 357 per Kg.
Copyright Business Recorder, 2024
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