Monday, November 29th, 2021
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Prices maintained present levels on the cotton market on Monday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 8700, they added. In ready session, about 9,000 bales of cotton changed hands between Rs 7700-8900, they said.

Rates of seed cotton per 40kg in Sindh were at Rs 3300-4200 and in the Punjab prices were at Rs 3600-4200, they said. In Balochistan, seed cotton prices were at Rs 4000-4600 and cotton prices were at Rs 8700-8900, they said. In Sindh, Binola prices per maund were at Rs 1300-1500 and in Punjab rates were at Rs 1450-1600, they said and adding that polyester fibre was at Rs 187.

According to the market sources, recent rains in country damaged cotton production and affect quality, as well. Cotton analyst, Naseem Usman said that cotton prices likely to increase in the coming days. With the passage of time cotton business is facing crisis like situation, so the government apart from other problems, must take necessary measures to tackle change of weather in the country, he added.

The Pakistan Institute of Cotton Research and Technology (PICRT) held detailed discussions and seminars to celebrate the World Cotton Day in Karachi and Islamabad.

The following deals reported: 400 bales of cotton from Bihria at Rs 8800, 400 bales from Nushero Feroze at Rs 8800, 400 bales from Shahdadpur at Rs 7700, 3000 bales from Khairpur at Rs 8700/8800, 1200 bales from Rohri at Rs 8700/8800, 400 bales from Faqeerwali at Rs 8850, 400 bales from Fort Abbas at Rs 8850, 200 bales from Dera Ghazi Khan at Rs 8825, 400 bales from Mianwali at Rs 8950, 400 bales from Rajanpur at Rs 8900, 200 bales from Liaqatpur at Rs 8900, 200 bales from Sadiqabad at Rs 8900, 200 bales from Layyah at Rs 8800, 400 bales from Bhawal Nagar at Rs 8800, 200 bales from Hasilpur at Rs 8775, 400 bales from Burewala at Rs 8700 and 400 bales from Taunsa Shareef at Rs 8825, they said.


The KCA Official Spot Rate for Local Dealings in Pakistan Rupees





Rate Ex-Gin Upcountry Spot Rate Spot Rate Difference

For Price Ex-Karachi Ex. KHI. As Ex-Karachi

on 05-10-2019


37.324 kg 8,700 160 8,860 8,860 NIL


40 kgs 9,324 171 9,495 9,495 NIL


Copyright Business Recorder, 2019

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