Market sources said that some needy mills showed interest in fresh buying of fine quality to replenish their stock. Cotton analyst, Naseem Usman said that the mills were not taking interest in fresh buying due to lack of fresh leads. Experts said that the government must take necessary measures to improve quality and production of cotton. Country may achieve more or less 11 million bales of cotton during the current year, which is not enough to meet local demand. Country is importing over 4 million bales of cotton to keep a balance between demand and supply, they said. Cotton prices were higher in the international markets, they said.
The following deals reported: 1000 bales of cotton from Ghotki at Rs 9000, 400 bales from Fazilpur at Rs 9000 and 620 bales from Kot Sabzal at Rs 8700/8800, they said.
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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 04-01-2019
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37.324 kg 8,700 160 8,860 8,860 NIL
Equivalent
40 kgs 9,324 171 9,495 9,495 NIL
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