Lower level trading activity witnessed on Pakistan cotton market

Some trading activity at the lower level was seen at cotton market on Tuesday as buyers were mostly reluctant anticipating fall in prices in the coming days.

However, spinners on their part were also cautious as they are not getting right price for cotton yarn as the market is sluggish and prices are under pressure. Trading remained restricted and limited as some needy mills lifted small lot deals,.

Ginners, who are holding very little stocks of around 240,000 bales, also seem to be in no hurry to dispose of their stocks at current price

The Karachi Cotton Association (KCA) spot rates were firm at previous level.

The following deals changed hands on ready counter: 982 bales from Kot Lalu done at Rs 4400, 400 bales Rajanpur at Rs5000, 400 bales Kabbirwala at Rs5175, 200 bales Shujabad at Rs5250, 100 bales Multan at Rs5250, 600 bales Khanewal at Rs5500, 1000 bales Khanpur at Rs5500 and 1000 bales Rahimyar Khan at Rs5600.

On global front, the world cotton markets remained steady where New York cotton market finished higher for all the future contracts except far-off May 2016 contract which closed with a nominal fall.

Recent Posts

Virgio, Ola Electric offer sustainable festive deliveries

Sustainable fashion brand Virgio has partnered with Ola Electric to offer eco-friendly doorstep deliveries of its products during the festive…

8 hours ago

Kingpins pop-up highlights denim innovation

Kingpins Hong Kong hosted its second annual pop-up event at the DX Design Hub, putting the spotlight on denim innovation…

8 hours ago

AATCC, TAI partner to strengthen Indian textile industry

The American Association of Textile Chemists & Colorists (AATCC) has signed a Memorandum of Understanding (MOU) with The Textile Association…

8 hours ago

Under Armour partners to develop microfibre release test

Under Armour, Hohenstein and PPT Group, has introduced a standardised method to measure microfibre release from textiles during simulated washing…

1 day ago

RISE for Impact advances work standards in the cotton supply chain

The RISE for Impact project is collaborating with farmers in the cotton supply chain to promote decent work by integrating…

1 day ago

Cosmo first launches advanced PPFs for vehicle exteriors

Cosmo First has unveiled its new range of Paint Protection Films designed to protect vehicle exteriors with advanced features ensuring…

1 day ago