The ginners showed less interest in fresh deals at the present levels due to hovering fears regarding supply of cotton, dealers said on the cotton market on Friday. The official spot rate was unmoved at Rs 6150, dealers said. In Sindh, seed cotton prices were at Rs 2400-3200, they said. In Punjab, phutti rates were at Rs 3100 and Rs 3450, as per 40 kg, they added.
In the ready session, over 26,000 bales of cotton changed hands between Rs 4400-6400, they said. Commenting on the present trend in the market, dealers said that cotton importers are in dilemma under the circumstances. Cotton analyst, Naseem Usman said that mills and spinners were trying to lay hands over the quality lint but the ginners could not decide about deals. Other experts said that if ban imposed on import of cotton from India, this factor may create cause short supply position.
The following deals reported: 800 bales from Tando Adam at Rs 4400/4600, 200 bales from Punj Moro at Rs 5550, 400 bales from Mirpurkhas at Rs 5600, 1800 bales from Sanghar at Rs 5600/5750, 1200 bales from Shahdadpur at Rs 5675/6050, 1000 bales from Shahpur Chakar at Rs 5700, 1000 bales from Nawabshah at Rs 5850, 2000 bales from Khairpur at Rs 6100/6175, 1000 bales from Rohri at Rs 6200/6250, 600 bales from Salehpat at Rs 6250, 400 bales from Khanpur Mehar at Rs 6400, 600 bales from Ghotki at Rs 6400, 1000 bales from Vehari at Rs 6150/6200, 1600 bales from Kabirwala at Rs 6150/6300, 400 bales from Kheror Pacca at Rs 6200, 300 bales from Shadan Lund at Rs 6300, 1600 bales from Rajanpur at Rs 6300/6350, 600 bales from Maroot at Rs 6340, 400 bales from Liaquatpur at Rs 6350, 800 bales from Sadiqabad at Rs 6350, 600 bales from Yazman Mandi at Rs 6350, 800 bales from Hasilpur at Rs 6350/6400, 1000 bales from Hasilpur at Rs 6350/6400, 5400 bales from Bahawalpur at Rs 6350/6400, 600 bales from Dera Ghazi Khan at Rs 6400 and 400 bales from Chani Goth at Rs 6400, dealers said.
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The KCA Official Spot Rate for Local Dealings in Pakistan Rupees
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FOR BASE GRADE 3 STAPLE LENGTH 1-1/32"
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MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
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Rate Ex-Gin Upcountry Spot Rate Spot Rate Difference
For Price Ex-Karachi Ex. KHI. As Ex-Karachi
on 24-11-2016
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37.324 kg 6,150 135 6,285 6,285 NIL
Equivalent
40 kgs 6,591 145 6,736 6,736 NIL
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