Cotton trading on Monday lacked buying interest and closed easy in line with the global trend. Cotton market was adversely affected by slow arrivals of phutti (seed cotton).
Moreover, a crisis-ridden textile industry is cautious and seems to be in no hurry to build up stock from the new cotton crop, they maintained.
Recent rains across the country also hampered cotton picking both in Sindh and Punjab which restricted the availability of cotton.
Trading on the ready counter also remained slow. Major deals that changed hands were: 1,200 bales from Shahdadpur at Rs6,100 to Rs6,150 a maund, 800 bales from Tando Adam at Rs6,100 to Rs6,150, and 800 bales from Sanghar at Rs6,100 to Rs6,150.
At the Karachi Cotton Association, which fixed the new crop spot rates two days ago, adjusted them downward by Rs100 to Rs6,100 a maund (37.324 kilograms).
Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…
Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…
Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…
Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.
Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…
Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…