The official spot rate rose by Rs 50 to Rs 7800, they added. In ready session, about 11000 bales of cotton changed hands between Rs 7550 and Rs 8250, they said. Rates of seed cotton per 40kg in Sindh were unchanged at Rs 3000-3300, in Punjab prices picked up sharply at Rs 3500-4000, they said. In Balochistan, seed cotton prices were at Rs 3500-3600, they said.
In Sindh and Punjab, Binola prices per maund were at Rs 1500-1600, they said and adding that polyester fibre per kg rates were at Rs 187.
Market sources said that mills are laying hands over the fine quality cotton, which pushed rates up modestly.
Cotton analyst, Naseem Usman said that under the circumstance, buyers were facing a lot of uncertainties following the reports of short supply of cotton in the coming days.
If India leaves extra water towards Pak borders, it can harmful for standing cotton crop in Sutlaz, Sahiwal, Multan and Bahawalpur, other brokers said.
Following deals were reported: 2000 bales of cotton from Tando Adam at Rs 7550/7700, 1600 bales from Shahdadpur at Rs 7600/7750, 1000 bales from Sanghar at Rs 7550/7700, 1400 bales from Hyderabad at Rs 7550/7600, 600 bales from Hala at Rs 7575/7600, 800 bales from Shahpur Chakar at 7550/7700, 600 bales from Mirpurkhas at Rs 7600-7700, 400 bales from Vehari at Rs 8050, 600 bales from Khanewal at Rs 8200/8250, 400 bales from Hasilpur at Rs 8100 and 600 bales from Chichawatni at Rs 8200, 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"
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 17-08-2019
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37.324 kg 7,800 160 7,960 7,910 + 50/-
Equivalent
40 kgs 8,359 171 8,530 8,477 + 53/-
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