Source: Business Recorder

RECORDER REPORT | Aug 05, 2022
LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday decreased the spot rate by Rs 1000 per maund and closed it at Rs 17,500 per maund. The local cotton market remained bearish and the trading volume was satisfactory.

Cotton Analyst Naseem Usman told that the rate of cotton in Sindh is in between Rs 15,200 to Rs 15,400 per maund. The rate of cotton in Punjab is in between Rs 17,000 to Rs 17,500 per maund. The rate of Phutti in Sindh is in between Rs 6,000 to Rs 7,000 per 40 Kg. The rate of Phutti in Punjab is in between Rs 7,500 to Rs 8,500 per 40 Kg. The rate of cotton in Balochistan is in between Rs 15,500 to Rs 16,000 per maund.

The Spot Rate Committee of the Karachi Cotton Association on Wednesday decreased the spot rate by Rs 1000 per maund and closed it at Rs 17,500 per maund. The Polyester Fiber was available at Rs 325 per Kg. (Source: Business Recorder)