LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 3,00 per maund and closed it at Rs 19,000 per maund.

The local cotton market remained steady and the trading volume improved a little bit. Cotton Analyst Naseem Usman told Business Recorder that the rate of cotton in Sindh is in between Rs 17,000 to Rs 20,000 per maund. The rate of cotton in Punjab is in between Rs 18,000 to Rs 20,000 per maund. The rate of Phutti in Sindh is between Rs 5,500 to Rs 8,300 per 40 kg. The rate of Phutti in Punjab is in between Rs 6,000 to Rs 8,500 per 40 kg.

12,00 bales of Dherki, 2,000 bales of Rahim Yar Khan and 100 bales of Sadiqabad were sold at Rs 20,000 (Condition) per maund. The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 3,00 per maund and closed it at Rs 19,000 per maund. The rate of Polyester Fiber was increased by Rs 5 and was available at Rs 363 per kg.

Copyright Business Recorder, 2023