LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday decreased the spot rate by Rs 500 per maund and closed it at Rs 15,500 per maund.

The local cotton market remained steady and the trading volume remained low.

Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in between Rs 14,000 to Rs 14,500 per maund.

The rate of cotton in Punjab is in between Rs 15,700 to Rs 16,500 per maund. The rate of Phutti in Sindh is in between Rs 5000 to Rs 6000 per 40 Kg. The rate of Phutti in Punjab is in between Rs 5000 to Rs 7000 per 40 Kg 800 bales of Shahdad Pur were sold at Rs 14,800 to Rs 15,100 per maund, 400 bales of Sanghar were sold at Rs 14500 to Rs 14,800 per maund, 600 bales of Tando Adam were sold at Rs 14,800 to Rs 15000 per maund, 400 bales of Khadro were sold at Rs 14,800 per maund, 200 bales of Gup Chani, 200 bales of Shah Pur Chakar were sold at Rs 15000 per maund, 200 bales of Khanewal were sold at Rs 16,800 per maund, 200 bales of Lodhran were sold at Rs 16,000 per maund and 200 bales of Chichawatni were sold at RS 15,700 per maund.

The Spot Rate Committee of the Karachi Cotton Association on Thursday decreased the spot rate by Rs 500 per maund and closed it at Rs 15,500 per maund. The Polyester Fiber was available at Rs 325 per kg.

Copyright Business Recorder, 2022