Recorder Report
06 Nov 2024
LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs2,00 per maund and closed it at Rs18,000 per maund. Cotton Analyst Naseem Usman told Business Recorder that the local cotton market remained firm and the trading volume remained satisfactory.
He also told that the rate of cotton in Sindh is in between Rs16,800 to Rs18,200 per maund. The rate of Phutti in Sindh is in between Rs7,400 to Rs8,500 per 40 kg. The rate of cotton in Punjab is in between Rs17,800 to Rs18,300 per maund. The rate of Phutti in Punjab is in between Rs7,500 to Rs8,800 per 40 kg.
The rate of cotton in Balochistan is in between Rs17,500 to Rs17,700 per maund. The rate of Phutti in Balochistan is in between Rs7,400 to Rs9,000 per 40 kg. The rate of Balochi Cotton is in between Rs18,500 to Rs18,800 per maund. The rate of Primark cotton is in between Rs19,000 to Rs19,900 per maund.
The Spot Rate Committee of the Karachi Cotton Association increased the spot rate by Rs2,00 per maund and closed it at Rs18,000 per maund. Polyester Fiber was available at Rs357 per Kg.
(Source: Business Recorder)