maund

Muhammad Husanain Khalid district Rahim Yar Khan obtained third prize of 75 HP tractor by obtaining 80.52 maund per acre wheat production.

He said deals placed on ledgers as 400 bales of Burewala changed hands at Rs 6,550 per maund, 600 bales of Khanewal at Rs 6,400 to Rs 6,500 per maund, 400 bales of Arifwala at Rs 6,400 per maund, 400 bales of Kabirwala at Rs 6,700 per maund, 200 bales of Khanewal at Rs 6,700 per maund, 200 bales of Bahawal Nagar at Rs 6,500 per maund, 200 bales of Gojra at Rs 6,450 per maund, 300 bales of Pak Pattan at Rs 6,400 per maund, 600 bales of Mirpurkhas at Rs 6,100 per maund, 400 bales of Sanghar at Rs 6,150 per maund, 800 bales of Shahdadpur at Rs 6,200 per maund, while 400 bales changed hands in Hyderabad at Rs 6,100 per maund.

Last year in July, cotton price touched a record level of Rs9,500 per maund.

He said physical lint prices remained firm, as fine grade fetched over Rs 6,450 per maund and most of the dealing was range-bound.

The Karachi Cotton Association (KCA) spot rates were steady at Rs8,800 per maund.

He said, the government was giving Rs 1.9 million subsidy on 933 maund seed.

KCA senior trader Shakeel Ahmad said trading remained under the bullish spell as several deals in Sindh and Punjab changed hands for around Rs 6,460 per maund. Ahmad said, "Despite rising prices of cotton, buyers are ready to capitalise every opportunity to mature deals on back of bright yarn export prospects.

In the midst of brisk activity, cotton from Sindh and Punjab hovered around Rs7,300-9,100 per maund and phutti (seed cotton) was quoted in the range of Rs3,400-3,600 per 40kg.

Director Central Cotton Research Institute (CCRI) Multan Syed Sajid Masud Shah said that at the start of the cotton picking, the farmers in Sindh were disappointed by the per Maund price of Phutti that ranged between Rs 1800-2000 per Maund at that time.

The KCA spot rate increased by Rs 100 per maund to stay at Rs 6,100 per maund while physical prices remained above Rs 6,300 per maund, floor brokers said.

As a result, prices increased between Rs200-300 per maund for quality lint and Rs100 per maund for second grade cotton.

Police unearthed 128 distilleries and arrested 923 drug peddlers besides recovering 4.10 maund hashish, 49kg heroin, 4kg opium, four maund hemp and 18,843 litre liquor in 2015.

KARACHI, August 21, 2011 (Frontier Star): Cotton price has improved by Rs 100 to Rs 6,500 per maund this week due to rising demand by mills and exporters and short supply, the brokers said on Saturday.

The KCA spot rate remained at Rs 6,000 per maund while physical prices remained above Rs 6,200 per maund, floor brokers said.

Prices for Sindh and Punjab cotton varieties hovered around Rs7,000-9,000 per maund and phutti (seed cotton) are quoted in the range of Rs2,800-3,600 per 40 kg.