- KCA spot rate: Rs 18,100 per maund
- Unchanged from Monday’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 Wednesday as the Karachi Cotton Association kept its official spot rate unchanged. The KCA Spot Rate Committee maintained the benchmark rate for Tuesday’s trading session.
Cotton Analyst Naseem Usman told Business Recorder that the local cotton market remained easy and the trading volume remained satisfactory. The rate holds after the committee cut the benchmark by Rs 200 per maund in Monday’s session.
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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