KARACHI: The spot rate of cotton has further decreased by Rs50 to Rs5,050 as in the current session, around 22,000 cotton bales were sold at Rs4,900 to Rs5,250.
Experts say that even Trading Corporation of Pakistan (TCP) cannot bring down the rates due to strong supply of cotton seed as cotton seed rates in Sindh are firm at Rs2,000 to Rs2,500 and in Punjab, their price is unchanged at Rs2,400 to Rs2,650.
The rates in other cities remained as: 3000 bales of cotton from Khairpur at Rs5000-5100, 3000 bales of cotton from Upper Sindh at Rs5050-5100, 1000 bales from Moro at Rs4900, 200 bales from Mailsi at Rs5000, 400 bales from Gojra at Rs5050, 200 bales from Chohn Wala at Rs5050, 200 bales from Karampur at Rs5050, 1200 bales from Vehari at Rs5050-5100, 400 bales from Dharanwala at Rs5075-5100, 1000 bales from Faqirwali at Rs5050-5100, 1000 bales from Bakhar at Rs5100, 1000 bales from Hasilpur at Rs5100-5125, 400 bales from Haroonabad at Rs5100, 400 bales from Fort Abbas at Rs5100, 400 bales from Basti Malook at Rs5125, 400 bales from Bahawalpur at Rs5150, 400 bales from Lodhran at Rs5150, 400 bales from Jampur at Rs5150, 1000 bales from Layyah at Rs5200, 600 bales from Shadan Lund at Rs5200, 400 bales from Rahim Yar Khan at Rs5200, 1400 bales from Muhammadpur Dewan at Rs5200, 400 bales from Tonsa Sharif at Rs5200, 600 bales from Rajanpur at Rs5200 and 1200 bales from Mianwali at Rs5200-5250.
