LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Tuesday decreased the spot rate by Rs 100 per maund and closed it at Rs 17500 per maund. The market remained steady and the trading volume remained low.

Cotton analyst Naseem Usman while talking to Business Recorder told that price of Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.

Cotton of Sindh was traded from Rs 14500 to Rs 17500 per maund, Punjab’s cotton was traded from Rs 15000 to Rs 17500 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.

While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.

As many as 800 bales of Haroonabad were sold at Rs 14600 to Rs 16000 per maund, 200 bales of Fort Abbas were sold at Rs 16650 per maund, 400 bales of Donga Bonga were sold at Rs 16700 per maund, 1200 bales of Yazman Mandi were sold at Rs 15500 to Rs 16500 per maund, 400 bales of Dharan Wala were sold at Rs 16500 per maund, 800 bales of Rahim Yar Khan were sold at Rs 16500 to Rs 17400 per maund.

The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 100 per maund and closed it at Rs 17500 per maund. The Polyester Fiber was available at Rs 245 per kg.

Copyright Business Recorder, 2021