The Pakistan cotton market witnessed local spinners worried over stock piling of yarn on Wednesday. According to Cotton Analyst, Naseem Usman, local spinners have shown signs of worry about the stock piling of yarn due to import of same from India. Moreover, the textile sector is currently faced with liquidity crunch owing to slow off-take of cotton yarn in the domestic market.
The government needs to take necessary measures to check flow of cheap cotton yarn from across the border to stop this situation.
The official spot rate remained unchanged at Rs 6800. Prices of seed cotton in Sindh per 40 kg were at Rs 2400-3100, in Punjab, rates were inert at Rs 2400-3200, dealers said. In the ready session, 4200 bales of cotton changed hands between Rs 6700-7100, dealers said.
The following deals were reported: 400 bales of cotton from Haroonabad at Rs 6700, same figure from Fort Abbas at Rs 6800 and 3000 bales from Sadiqabad at Rs 7100.
The New York cotton market moved higher for second consecutive session where all the future contracts ended with fresh gains.
Green Theme Technologies (GTT), has partnered with Golden Long John to advance environmentally conscious fabric dyeing and finishing processes.
KOLAB Collection, a leader in sustainable fashion, has revolutionized the industry by launching NFC-tagged clothing line as part of its…
Advance Denim, Lenzing’s, and Asahi Kasei have teamed up to launch the LoopTy Collection, a series that combines functionality, style,…
Rohrer Corporation has launched its sustainable packaging line, EcoVolve to reduce waste and conserve natural resources through innovative product development.
Researchers at the University of California have created a wearable ultrasound device designed to provide continuous, wireless monitoring of muscle…
Japan's Toray Industries and PTT Global Chemical (GC), are working together to develop a technology that can mass-produce adipic acid…