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.
Salomon has reimagined its iconic XT_PU.RE footwear model with a focus on sustainability while ensuring the same high performance.
Fabric marketplace Recovo, Portuguese dyeing company IVN Industria, and fashion brand Salsa Jeans have joined forces to give surplus denim…
The BAYO Foundation partnered with the Armed Forces of the Philippines to launch "Weave for Peace" to transform old military…
Carnegie, a leader in sustainable textiles and acoustical solutions for commercial spaces, has unveiled Siltech Plus as part of its…
Waste management and recycling company MYGroup is launching an innovative project in Sri Lanka to promote sustainable textile production and…
Cibutex has partnered with Reju to create a network among Cibutex member companies to support circular textile regeneration.