The spot rate committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 3,00 per head and closed it at Rs 19,000 per head.
The local cotton market remained stable and there was a slight improvement in the trading volume. Cotton analyst Naseem Usman told that the price of cotton in Sindh is 17 thousand to 20 thousand rupees per head. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg.
The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. The rate of polyester fiber was increased by Rs 5 and was available at Rs 363 per kg.
