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Upward trend seen in cotton prices

Related Keywords: cotton arrival trend, cotton bales, Ex-Karachi rates also rose, Karachi cotton exchange, spot rates increased Rs200 per maund, trading continued to remain slow

At the Karachi Cotton Exchange on Wednesday, trading continued to remain slow while spot rates increased Rs200/maund to Rs7,800/maund (37.324kg) and Rs8,359/40kg. Ex-Karachi rates also rose to Rs7,945/maund and Rs8,514/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

A total of eight transactions were recorded of around 13,000 bales at a price of Rs8,000 to Rs8,100/maund. Deals were recorded from Ghotki, Kot Sabzal, Liaquatpur, Khanpur, Rahimyar Khan, Mian Channu, Rajanpur and DG Khan.

Cotton production in Pakistan showing 7 pc increase in volume

Related Keywords: above market expectations, All Pakistan Textile Mills Association, cotton arrival trends, cotton bales, current season, ginning factories, Karachi Cotton Association, last fortnight, Pakistan Cotton Ginners Association, revised production target, targeted cultivation area

The Pakistan's cotton arrival trends during last fortnight, showing above the market expectations, at least 422,738 cotton bales of 160 kilograms each reached ginning factories during the last fortnight, as per the industry data showed on Wednesday.

According to a consolidated statement of cotton arrivals in factories around the country till January 1, total cotton arrival at ginning stage has so far reached at 11.108 million bales, a seven percent increase in volume compared with the same period a year ago.

Price continue to soar with shortage of quality lint

Related Keywords: 100 per maund, anticipating prices, cotton bales, creating artificial shortage, Ginners, highest for ongoing season, KCA, move higher in coming days, rates of commodity soaring to Rs8, reap bigger profits, Rising cotton prices continued, shortage of quality lint, spot rates, started to hold back stocks

Rising cotton prices continued with shortage of quality lint unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Brokers said that ginners have started to hold back their stocks, anticipating that the prices would move higher in coming days, creating artificial shortage and they would reap even bigger profits.

Cotton price continued to remain unchanged

Related Keywords: cotton bales, Cotton market, cotton price remained firm, demand for quality lint, Karachi cotton exchange, slow trading activity, unchanged spot rates

At the Karachi Cotton Exchange on Thursday, slow trading activity was witnessed also the spot rates remained unchanged at Rs7,000/maund (37.324kg) and Rs7,502/40kg.

Ex-Karachi rates also stood firm at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

The cotton market recorded only 10 transactions of around 1,500 bales at a price of Rs6,300 to Rs7,500/maund. Notable transactions were recorded from Daharki, Ghotki, DG Khan, Jahanian, Faqirwali, Haroonabad and Bahawalnagar.

Slow down in trading activity at cotton market

Related Keywords: cotton bales, Cotton market, December closing, Karachi Cotton Association, Karachi cotton exchange, kerb market, second grade of cotton, slow down in trading activity, Spinners, spot rates remained unchanged, trading remained slow

Cotton market witnessed slowed down in trading activity due to December closing. At the Karachi Cotton Exchange on Tuesday, trading remained slow, while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/ 40kg. Ex-Karachi rates also remained unchanged at Rs7,145/ maund and Rs7,657/ 40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Cotton trading stable

Related Keywords: cotton bales, Cotton market, demand for good quality local lint, due to holidays and bank closing, Karachi cotton exchange, low trading next week, remained stable, spot rate, trading activities

Trading activities at cotton market remained stable with demand for good quality local lint. According to analyst, trading activity would be low next week due to holidays and bank closing.

At the Karachi Cotton Exchange on Thursday, normal trading continue while spot rates remained unchanged.

The spot rates stood firm at Rs7,000/maund (37.324kg) and Rs7,502/40kg. Ex-Karachi rates also remained unchanged at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Buyers rushing to get hold of maximum lint quantity regardless its quality

Related Keywords: 100 per maund, become costlier, Buyers are rushing, Buyers initially seen chasing limited quantity of quality cotton, cotton bales, Cotton market, get hold of maximum lint quantity, lint imports, once again pushed cotton prices, realizing developing scenario, regardless of its quality, rupee devaluation, seasonal peak of Rs7, seed cotton

Buyers initially seen chasing limited quantity of quality cotton realizing that under the developing scenario lint imports after rupee devaluation will become costlier. Buyers are rushing to get hold of maximum lint quantity, regardless of its quality at the cotton market on Tuesday which once again pushed cotton prices to a seasonal peak of Rs7,100 per maund.

The buyers were also not optimistic about imports of cotton from India since a large-scale pest attack has drastically slashed the crop size.

Cotton trading remains focused on quality at lint market

Related Keywords: amid steady physical prices, Buyers made deals for better, cotton bales, Depleting stocks, focus on better grades of lint, KCE, kept quality conscious buyers, on front foot, premium prices, second grade of cotton, secondary buyers, Spinners, spot rate, trading at lint market

Depleting stocks kept quality conscious buyers on front foot with focus on better grades of lint amid steady physical prices during trading at lint market. Buyers made deals for better and second grade of cotton on premium prices at around Rs 6,725-Rs 6,675 per maund.

Demand for better grades of lint would likely keep sellers in the driving seat until the arrival of 100,000 cotton bales imported. Sellers were steadfast in negotiating on their asking prices on the back of shrinking quality during trading session at major stations of Punjab and Sindh.

Modest change in cotton rates

Related Keywords: 000 bales of cotton changed hands, active buying by mills, cotton bales, Cotton market, Cotton rates move up modestly, Karachi cotton exchange, official spot rate remained unchanged, over 20, ready session, trading process

Cotton rates to move up modestly on the cotton market on Wednesday during the trading process with active buying by mills, dealers said. The official spot rate remained unchanged at Rs 6,600. In ready session, over 20,000 bales of cotton changed hands between Rs 6250-7000.

While, in Sindh, seed cotton prices were same at Rs 2700-3200, in the Punjab, rates also held the overnight levels at Rs 2700-3300, as per 40 kg.

Trading activity at cotton market witnessed steady trend

Related Keywords: active trading was recorded, cotton bales, Cotton market, helped rates, Karachi cotton exchange, keep present levels, lack of quality lint, process of trading on Wednesday, propelled mills and spinners to keep buying, Renewed buying interest, spot rates remained unchanged

Renewed buying interest at the cotton market helped the rates to keep present levels in the process of trading on Wednesday, as per dealers. At the Karachi Cotton Exchange, active trading was recorded, while spot rates remained unchanged at Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also remained unchanged at Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

In Sindh, seed cotton prices were same at Rs 2800-3350, in the Punjab, rates were at Rs 2800-3500, as per 40 kg, dealers said.

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