LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday decreased the spot rate by Rs 3,00 per maund and closed it at Rs 19,500 per maund.

The local cotton market remained bearish and the trading volume remained very low.

Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in between Rs 17,500 to Rs 19,500 per maund.

The rate of cotton in Punjab is in between Rs 18,000 to Rs 19,500 per maund. The rate of Phutti in Sindh is between Rs 7,000 to Rs 8,300 per 40 kg. The rate of Phutti in Punjab is in between Rs 7,000 to Rs 9,200 per 40 kg.

The Spot Rate Committee of the Karachi Cotton Association (KCA) decreased the spot rate by Rs 3,00 per maund and closed it at Rs 19,500 per maund. Polyester Fiber was available at Rs 355 per kg.

Copyright Business Recorder, 2023