Cotton trading continues to remain dull at local cotton market in Pakistan

The Pakistani local cotton market did not see much trading activities happening as spinning mills and exporters stayed kept themselves away from the market. There was a decline in cotton yarn sales. Weak domestic cotton market conditions are not well for the cotton economy of Pakistan.

According to brokers at the Karachi cotton exchange, government needs to ban import of cotton yarn from India or at least impose a duty to safeguard the local industry. As quite a lot of textile millers and cotton yarn manufacturers instead of manufacturing it themselves are importing yarn from India as the landed cost of the Indian yarn is turning out cheaper than manufacturing in Pakistan.

Few trading activities are reported by the Karachi Cotton Association (KCA). Traders exchanged a total of 3,500 bales (155 kilograms each) at Rs5,900 to Rs6,375 per maund as compared to 3,200 bales traded at Rs5,900 to Rs6,400 per maund a day ago.

Lint prices for the current season (2013-2014) reportedly ranged lower from Rs 5,000 to Rs 6,200 per maund (37.32 Kgs) according to the quality in Sindh. In the Punjab , it ranged from Rs 5,600 to Rs 6,400 per maund where business was very slow on Thursday. Yarn prices are also down in a dull market.

This situation is likely to last till June 2014 when the market may find a new balance to adjust itself with the appreciated rupee and the rampaging textile workers are pacified before the arrival of the new crop (August 2014-July 2015).

Recent Posts

Swisstulle advances dyeing efficiency with JigMaster

Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.

3 days ago

Birla Cellulose and Circ partner to scale textile recycling

Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…

3 days ago

CARBIOS unveils enzymatically recycled polyester t-shirt

CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…

3 days ago

Yangi launches sustainable fiber-based food tray

Yangi, renowned for its renewable packaging solutions, has launched a fiber-based food tray as a sustainable alternative to plastic trays…

3 days ago

Tarpaulife Project develops alternative to PVC-coated fabrics

The European Tarpaulife Project is working on polyolefin-coated fabrics, such as polyethylene, that can be manufactured to compete with PVC-coated…

3 days ago

Better Cotton to standardise measurements for cotton production

Better Cotton has joined the global non-profit alliance, Cascale, in a three-year project aimed at standardising LCA methods across the…

3 days ago