Trading at the cotton market remained slow with stable cotton and preparations for new crop in Pakistan are at a higher level. Cotton sowing has started in Sindh, but water scarcity might affect the production of the crop.
The spot rate at Karachi Cotton Exchange on Monday, remained unchanged. The spot rates remained unchanged at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also stood firm at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
KCE recorded only two transactions of around 4,000 bales in between Rs6,900/maund to Rs6,975/maund.
According to an analyst, the cotton demand has increased in the world because of an increase in consumption, which has led even a large cotton producer India to import the lint. A giant cotton exporter like India is going to import the lint to fulfil its industry demand.
Loop Industries has raised €10 mn through a convertible preferred security agreement with Reed Societe Generale Group, an entity under…
OJAS has partnered with Maharishi for a capsule collection in military-inspired aesthetics featuring Maharishi’s Original Snopants, sweatshirt, and a tote…
Red Run has announced its foray into menswear with menswear collection, titled ‘Drop 1,’ featuring 10 essential pieces designed for…
INEOS Styrolution, a global leader in styrenics, has successfully completed its first project involving mechanically recycled polystyrene in yoghurt cups.
Sustainable fashion brand Virgio has partnered with Ola Electric to offer eco-friendly doorstep deliveries of its products during the festive…
Kingpins Hong Kong hosted its second annual pop-up event at the DX Design Hub, putting the spotlight on denim innovation…