- KCA spot rate: Rs 18,100 per maund
- Unchanged from Thursday’s session
- Trading volume remained satisfactory; market stayed easy
- Rates are indicative
KARACHI: The cotton rate in Pakistan stood unchanged at Rs 18,100 per maund on Friday as the Karachi Cotton Association kept its official spot rate intact for Thursday’s trading session.
According to the Karachi Cotton Association, the Spot Rate Committee maintained the benchmark rate for Thursday’s session, with the official table showing the difference from the previous session as nil.
Cotton analyst Naseem Usman told Business Recorder that the local market remained easy and trading volume stayed 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 fibre is quoted at Rs 445 per kg.
According to the Karachi Cotton Association, the spot rate is the benchmark for Grade 3 cotton. The benchmark is watched closely by textile mills across the country. Rates are indicative and may vary across stations and qualities.
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