Related Keywords: classes of cotton varieties, Ex Karachi rates also increased, Karachi cotton exchange, official spot rate, or base price was fixed, showed improvement on Monday, spot rates increased Rs fifty per maund, the Karachi Cotton Association, trading activity
Trading activity at the Karachi Cotton Exchange showed improvement on Monday, while spot rates increased Rs50/maund to Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also increased to Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
KCE recorded eight transactions of around 4,000 bales of the new crop from Sindh and Punjab at a price of Rs6,350 to Rs6,500/maund.