Slow business activity was witnessed on the cotton market on Monday due to expectations of better than expected cotton production this year, dealers said. The official spot rate was unchanged at Rs 6800, they said. In the ready session, only one deal was of 400 bales of cotton from Rahim Yar Khan sold at Rs 6975, they said. According to the market sources, most of the participants were on the sidelines on arrivals of good cotton production.
Cotton analyst, Naseem Usman said that after heavy rains in India these days, bumper cotton production is likely and may cause slight fall in present rates. As a whole, trend in the world is easy, he added.

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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 1-1/16"
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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 10.06.2017
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37.324 kg         6,800       135        6,935         6,935            Nil
Equivalent
40 kgs            7,288       145        7,433         7,433            Nil
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