- KCA spot rate: Rs 18,100 per maund
- Unchanged from Tuesday’s session
- Trading volume remained satisfactory; market stayed easy
- Rates are indicative
KARACHI: The cotton rate in Pakistan held steady at Rs 18,100 per maund on Thursday as the Karachi Cotton Association kept its official spot rate unchanged. The KCA Spot Rate Committee maintained the benchmark rate for Wednesday’s trading session.
Cotton Analyst Naseem Usman told Business Recorder that the local cotton market remained easy and the trading volume remained satisfactory.
Usman said the rate of cotton in Sindh is in between Rs 17,500 to Rs 18,500 per maund, while phutti in the province is trading between Rs 7,200 to Rs 8,500 per 40 kilograms. In Punjab, cotton rates stand between Rs 17,500 to Rs 18,500 per maund, with phutti fetching between Rs 7,500 to Rs 8,800 per 40 kilograms.
The rate of cotton in Balochistan is in between Rs 18,000 to Rs 18,200 per maund. The rate of phutti is Rs 7,900 to Rs 8,800 per 40 kg, while polyester fiber is quoted at Rs 445 per kg.
According to the Karachi Cotton Association, the spot rate is the benchmark for Grade 3 cotton. Rates are indicative and may vary across stations and qualities.
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