Trading activity at the Karachi Cotton Exchange showed improvement on Monday, while spot rates increased Rs50/maund to Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also increased to Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
KCE recorded eight transactions of around 4,000 bales of the new crop from Sindh and Punjab at a price of Rs6,350 to Rs6,500/maund.
Of these, 400 bales of Mirpurkhas, 100 bales of Jhole, 200 bales of Sinjoro, 66 bales of Sanghar, 400 bales of Tando Adam, 1,200 bales of Shahdadpur, 300 bales of Chichawatni and 400 bales of Burewala were traded in the market.
While, at the Karachi Cotton Association on Monday the official spot rate, or base price was fixed for Grade 3 cotton at 6,805 rupees per maund (40 kg).
Grade 3 cotton has a staple length of 1-1/16″ and micronaire value between 3.8 and 4.9 NCL (no control limits), which represents fine to coarse classes of cotton varieties.
In the kerb market, the key crop varieties traded in the range of 6,350 to 6,500 rupees per maund.
According to an analyst, cotton arrivals remained lower than demand in the market that resulted in an increase in prices.
Nikwax has unveiled its latest innovation, the Direct.Dry Down line, setting a new benchmark in waterproof down with great performance…
Wrangler x Accelerating Circularity jeans are proving that post-consumer and post-industrial cotton can be effectively reused in everyday clothing.
Swiss cleantech innovator Bcomp has partnered with Japanese composite specialist Tras to bring natural fibre solutions to the world of…
Researchers from MIT and Lincoln Laboratory are developing innovative bioabsorbable fabrics that replicate how soft tissues naturally stretch.
A research team at the University of Limerick (UL) has introduced a groundbreaking method for producing carbon fiber through their…
Circ, Circulose, RE&UP, and Syre, have joined forces to create the T2T Alliance, an initiative focused on driving policy changes…