The spot rate of Grade - III cotton, however, was reduced by Rs 25 to Rs 2,225 without upcountry expenses.
Cotton futures in New York were down substantially, October down 0.71 cent to 50.25 while December lost 1.22 cents to 50.77 cents a pound.
In ready, nearly 1,000 bales of cotton changed hands between Rs 2,300 and Rs 2,325.
Following deals were noted: 200 bales of Shahdadpur at Rs 2,325, 200 bales of Tando Adam at Rs 2,300 while 200 bales at Rs 2,325, 200 bales of Khadro at Rs 2300, and 200 bales of Khipro at Rs 2300.
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The KCA Official Spot Rate for Local Dealings in Pak Rupees
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FOR BASE GRADE 3 STAPLE LENGTH 1-1/32"
MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL
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Rate Ex-Gin Upcountry Spot Rate Ex-Karachi
for Price Sales Tax @ 15%
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37.32 Kgs 2225.00 50 2275.00
Equivalent-------------------------------------------------
40 Kgs 2385.00 50 2435.00
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