Home »Cotton and Textiles » Pakistan » Sluggish business was seen on cotton market

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  • Jul 18th, 2017
  • Comments Off on Sluggish business was seen on cotton market
Sluggish business was seen on the cotton market on Monday in the process of trading, dealers said. The official spot rate was unchanged at Rs 6200, they said. In ready business, nearly 800 bales of cotton sold at Rs 6400, they said. Prices of seed cotton in Sindh were available at Rs 3000-3200 and in Punjab phutti rates were at R 2900-3300, they said.

According to the market sources, a kind of cautious buying was seen as most of the leading buyers kept on the sidelines due to monsoon rains. Cotton analyst, Naseem Usman said that buyers adopted wait-and-see mood owing to continued rains in the country. The following deals reported: 400 bales of cotton from Mirpurkhas sold at Rs 6400 and same number of bales from Tando Adam were finalised at the same rates, dealer 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 15.07.2017

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37.324 kg 6,200 135 6,335 6,335 NIL

Equivalent

40 kgs 6,645 145 6,790 6,790 NIL

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