Buying activity at cotton market seen improving

Active buying by spinners and mills was seen at the cotton market on Tuesday, as they resumed their normal covering operations at the prevailing prices, while, at the Karachi Cotton Association spot rates remain unchanged.

Following were some of the deals that changed hands on the ready counter: 200 bales, Haroonabad at Rs6,950; 200 bales, Shahdadpur, at Rs6,550; 200 bales, Mirpurkhas, at Rs6,575; 465 bales, Vehari, at Rs6,700; 200 bales, Tando Adam, at Rs6,550 and 700 bales, Rahim Yar Khan, at Rs6,550.

The price of seed-cotton (phutti) was Rs3,325 in Badin, Rs3,250 in Kunri, Rs3,300 in Dharo, Rs3,315 in Jhudu, Rs3,350 in Tando Bhago, Rs3,300 in Nawankot, Rs3,330 in Degree, Rs3,300 in Mirpur Chakir and Rs3,350 in Chichawatni.

Punjab Secretary of Agriculture Muhammad Mehmood claimed that Girdawari (surveyorship) of cotton crop to assess the accurate estimate of the crop production in the province has been completed and according to which this year’s cotton cultivated area in the province is 5,506,000 acres, an increase of 120000 acres over the last year’s acreage.

However, the cotton production will be 20 percent more as compared to last year.

Recent Posts

Kathmandu unveils carbon capture technology activewear

Kathmandu has launched Seeker range, an innovative and sustainable activewear collection that merges eco-friendly advancements with functional design.

5 hours ago

GOTS joins Make the Label Count for textile sustainability

The Global Organic Textile Standard (GOTS), managed by the non-profit organization Global Standard, has joined the Make the Label Count…

5 hours ago

Pact Group, BlockTexx to boost garment recycling

Packaging company Pact Group has partnered with textile recycling technology firm BlockTexx to develop a system for recycling discarded clothing…

5 hours ago

Loftex promotes sustainability with innovative towel collection

Loftex USA is strengthening sustainability with the launch of eco-friendly towel sets, blending innovative performance features with luxurious designs.

1 day ago

Toray Industries produces sustainable acrylic fiber

Toray Industries, Inc. announced that starting this April, it will implement the mass balance approach in manufacturing its TORAYLON™ acrylic…

1 day ago

Cxffeeblack, COMOCO Cotton develop sustainable t-shirt

Cxffeeblack has joined forces with COMOCO Cotton, a sustainable textile company, to create a special coffee-dyed T-shirt made from unbleached…

1 day ago