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Related Keywords: bales of cotton, cotton bale, cotton corporation of India, cotton storage, Ginners, MSP for cotton

P. Alli Rani, Chairman and Managing Director of CCI, told that the Cotton Corporation would need space in 500 to 600 warehouses. The Cotton Corporation purchased 3.6 lakh bales of cotton at MSP (minimum support price) during the current cotton season (October 2017 to September 2018). However, with the steep hike in MSP for cotton, the CCI might have to purchase huge quantities next season (October 2018 to November 2019).

Related Keywords: buyers preferred maintaining inventories, cotton bale, Cotton market, fibre traders, ginning units, KCA, KCE, leading buyers struck down forward deals, made deals for better grades, month period in anticipation, possible increase in better stuff prices, slightly higher price, spot rate

At the cotton market, buyers preferred maintaining their inventories by making deals for better grades on slightly higher price. However leading buyers struck down forward deals for a month period in anticipation of any possible increase in better stuff prices, fibre traders said.

According to senior trader, Ghulam Rabbani, sellers withholding better grades of lint remained in driving seat as buyers were in need of fine grades.
The buying for second grade stuff remained in limelight and deals concluded at around Rs 6,575 per maund to Rs 6,600 per maund.

Related Keywords: Buyers keen to build up stock, cotton bale, Cotton market, Cotton prices remain firm, equally not ready to pay extra price for lint. sellers knowing about shortage of quality cotton, fully exploit the situation, KCA, spot rate unchanged, strong demand for quality cotton

Cotton prices remain firm with strong demand for quality cotton on Wednesday at cotton market. Buyers were keen to build up stock but they were equally not ready to pay extra price for the lint. Whereas, sellers on their part knowing about the shortage of quality cotton wanted to fully exploit the situation.

Both sellers and buyers tried to turn the situation in their favour. Nevertheless, needy spinners managed to finalize some deals at high rates as they were not ready to take risk due to rising cotton prices in most of the world markets.

Related Keywords: cotton bale, due to quality factor, Ginners, major buyers on sidelines, mills and spinners, official spot rate, Pakistan cotton market, seed cotton price, trading activity moderate

As major buyers were on the sidelines due to quality factor, trading activity remained moderate on the cotton market on Tuesday, dealers said.
Seed cotton prices in Sindh were at Rs 2300-2350 and in Punjab rates were at Rs 2350 and Rs 2450. In the ready business, around, 3000 bales of cotton changed hands between Rs 4700 and Rs 5000. However, the official spot rate remained unchanged at Rs 4700.

According to analysts, some needy mills and spinners took part in fresh buying of seed cotton while ginners preferred to sell to meet their financial problems.

Related Keywords: China, cotton bale, cotton export, Cotton market, frenetic trading, India, Pakistan cotton grower, Pakistan cotton industry ICE futures, phutti, seed cotton

Pakistan cotton growers and ginners once again faced frenetic trading on the cotton market on Wednesday and looked a bit upset due to strong supply of seed cotton.

According to cotton analyst, the growers and ginners had hoarded phutti in expectations of increase in profit amid tight supply but now phutti arrivals improved significantly, this is factor, which is inducing them to sell huge stock below the expected level.

Related Keywords: cotton bale, cotton crop, Cotton development board, cotton growing region, cotton sowing, farmer

Cotton sowing is almost half of the normal sowing which was done last year as farmer were able to completed sowing on some 45.2 lakh hectares of cotton growing region of the country as opposed to 92 lakh hectares last year, which is the worst situation ever for the cotton crop in the last five-six years, moreover due to delayed and scanty rainfall has caused anxious moments for farmers, said SM Kolkatkar, director, Cotton Development Board, Mumbai, and Directorate of Cotton Development.
 

Related Keywords: cotton bale, Cotton Ginners, Pakistan cotton production, PCGA

Pakistan ginners by end April 2104 were supplied around 4,76,109 of additional cotton bales, a rise of 3.69 percent over the last year from 1,29,15,585 to 1,33,91,694 cotton bales, according to fortnightly report of the Pakistan Cotton Ginners Association (PCGA).

Of the total 1,33,91,694 cotton bales received by ginners, nearly 1,25,84,496 cotton bales were sold to textile units and exporters bought 3,99,382 bales. A modest cotton trading was seen in the market as exporters showed interest in buying to meet their needs.

Related Keywords: cotton bale

APTMA Punjab, chairman has urged the Indian Ministry of Commerce, Ministry of Textile Industry and Cotton Export Corporation India to make certain strict vigilance on Indian side of Wagha border to strengthen trade Confidence-Building Measures (CBM) in the interest of trade relations of Pakistan and India, as it is found an abnormal weight variation of cotton bales being imported from India through Wagha border.