Karachi
Normal trading continued at the Karachi Cotton Exchange on Wednesday, while spot rates remained firm.
The spot rates stood firm at Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
An analyst said in order to get better rates for the farmers, the Punjab government has advised the federal government to restrict import of lint and yarn in the country.
KCE recorded eight transactions of around 3,500 bales from the new crop at a price of Rs6,300 to Rs6,600/maund.
Trading stations included Kotri, Shahdadpur, Sinjhoro, Tando Adam and Sanghar from Sindh, while Punjab stations included Pakpattan, Chichawatni and Burewala that received better prices.
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