Rise in cotton price resulted in a decline in its trading activities at cotton markets in Pakistan. The trade turnover of cotton fell to 2,500 bales (155 kilograms) after the price of the commodity surged above Rs7,300 per maund (37.324 kilograms) at the local markets, a dealer said on Thursday.
The spinning mill-owners opted to wait for a decline in the commodity price to make considerable buying. The situation resulted in low trade.
Traders exchanged 2,500 bales at Rs6,900 to Rs7,300 per maund as compared to 6,400 bales traded at Rs7,000 to Rs7,350 per maund a day ago, the KCA reported.
KCA tried to keep its cotton spot rate unchanged for the second working day at Rs Rs7,000 per maund.
At New York cotton market, March futures contract declined by 1.53 cents per pound to 83.14 cents, while May futures contract fell by 1.41 cents per pound to 83.22 cents.
Eugène Riconneaus is launching ER Ocean Recherche, an R&D center focused on creating ocean-sourced sustainable materials for the fashion industry.
In line with sustainable shift, material science brand Pangaia has introduced its (Gaia)Plnt Nylon capsule, a collection made entirely from…
Boi Knit Lab is redefining the landscape of knitwear and textile innovation through its seamless integration of research, design, and…
A groundbreaking project titled "Development of Specialised Firefighting Suit" aims to reduce India’s dependency on imports of high-performance protective gear.
Eastman has unveiled Naia On The Move, a high-performance, sustainable fibre engineered for activewear and urban lifestyles expands the Naia’s…
X Tech has partnered with Fulgar to unveil a new line of performance garments crafted with Q-Skin, a cutting-edge polyamide…
