Prices of seed cotton in Sindh were at Rs 3000-3700, in the Punjab seed cotton prices at Rs 3000-3700 and in Balochistan, rates of seed cotton were at Rs 3200-3700, they said.
According to the market sources main buyers and sellers were conspicuous by their absence ahead of announcement of mini-budget.
Cotton analyst Naseem Usman said that trading activity may improve after the announcement of mini-budget, due today (Wednesday).
The ginners were under pressure due to huge stock of unsold cotton stock with them, other brokers said.
Cotton prices drifted lower on the international markets, 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 21-01-2019
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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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