Related Keywords: cotton spot rate, Karachi Cotton Assoiciation, Pakistan cotton market
After price of commodity declined at the open markets in Pakistan, the Karachi Cotton Association (KCA) also revised its cotton spot (benchmark) rate by bringing it down to Rs6050 per maund a reduction of Rs100 per maund.
The KCA decreased its spot rate in line with the downward trend in the commodity price at the open markets in Pakistan. Thee price of the commodity has decreased by around Rs150 per maund to Rs6,150 per maund at the markets.
