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Hectic trading activity was witnessed at the cotton market with prices in ready business and official spot rate touching season's high on Monday, dealers said. In ready business, more or less 10,000 bales of cotton changed hands between Rs 6500 and Rs 7000.

The official spot rate picked up further by Rs 150 to Rs 6400. While in Sindh seed cotton prices posted fresh gain of Rs 100-Rs150 to Rs 3400 and Rs 3500 per 40 kg, respectively, In Punjab, rates of phutti also went up at Rs 3400 and Rs 3600, dealers said.

Related Keywords: constant demand by mills and spinners, cotton bales, Cotton prices rise, heavy rains, new cotton crop, official spot rate higher, Pakistan cotton market, prices could go up further after Eid-ul-Fitr, Punjab phutti prices, Sindh seed cotton prices

Cotton prices rise further due to heavy rains and persistent demand by mills and spinners, at cotton market on Wednesday, dealers said. The official spot rate was higher by Rs 50 to Rs 5,750. In Sindh seed cotton prices were at Rs 3100-3300 while in Punjab phutti prices were at Rs 3100 and Rs 3350, per 40 kg, respectively.

According to the market sources, cotton prices moving up with the passage of time the world over owing to shortage problem.

Related Keywords: buyers rushed to reload stock, cotton bales, Cotton market, deals finalized in both old and new stock, demand by mills and spinners, official spot rate, seed cotton price, TCP, trading activity further imporved

As buyers rushed to reload their stock, the trading activity on the cotton market on Tuesday improved further, dealers said. According to the market, the Trading Corporation of Pakistan (TCP) bought approximately 5600 bales of cotton to the mills at Rs 5885.

The official spot rate remained unchanged at Rs 5,500.

In Sindh, low type of seed-cotton prices rose by Rs 100 to Rs 3100 and better quality was up by Rs 50 to Rs 3250, per 40 kg, while in ready session, over 10,000 bales of cotton changed hands between Rs 5100 and Rs 5885, dealers said.

Related Keywords: cotton bales, cotton market witnessed an eventless trading session, ginners carryover stock from previous year, KCA, kept mills and spinners on sidelines, Less demand for yarn, low quality of old stocks, meeting demand through imports, not a single transaction finalized, official spot rate unchanged, spinners and exporters

Less demand for yarn and low quality of old stocks, kept mills and spinners most of the time on the sidelines, due to which cotton market witnessed an eventless trading session on Friday. Not a single transaction was finalized on the cotton market.

The Karachi Cotton Association (KCA) left the spot rate unchanged at Rs5,500/maund. The KCA fixed the official spot rate, or base price, for Grade 3 cotton at Rs5,894/maund.

Related Keywords: Buying by mills, cotton bales, Cotton market, Ginners, Ginning factory, keep prices at present level, modest trading, official spot rate unchanged, seed cotton

Buying by needy mills to cover their immediate requirements helped prices to hold present levels on the cotton market on Wednesday in the process of modest trading. The official spot rate was unchanged at Rs 5,550, dealers said.

In ready session, over 600 bales of cotton finalized between Rs 5100 and Rs 5850 and in Sindh, seed-cotton prices were at Rs 2800-3100, per 40 kg, as per dealers.

Related Keywords: budget, cotton bales, exports of textile sector, incentives announced to textile sector, mills continue to buy, Pakistan cotton market, prices showed modest recovery, ready session, revival of zero-rating regime, seed cotton prices, show visible improvement, spot rate recovered

At Pakistan cotton market on Saturday prices showed modest recovery with mills continuing to buy following the incentives to the textile sector, announced in the budget 2016-17, dealers said. In ready session, around 1000 bales of cotton changed hands between Rs 5400-5600.

The official spot rate recovered by Rs 50 to Rs 5,600, dealers said. While, in Sindh, seed-cotton prices were at Rs 3000-3100, per 40 kg.

Related Keywords: arrival of imported cotton, cotton bales, cotton traders, major buyers expected decline in rates, needy mills took interest in fresh buying, official spot rate, Pakistan cotton market, prices improved modestly, recovered overnight loss, with improvement in volume of business

At cotton market as some needy mills took interest in fresh buying, with improvement in volume of business, prices also improved modestly on Saturday, dealers said. According to the market sources, mills and spinners showed their interest in fresh buying to meet requirements.

The official spot rate recovered overnight loss by Rs 50 to Rs 5,550, dealers said.

In ready session, around 5000 bales of cotton changed hands between Rs 5500 and Rs 5750.

Related Keywords: APTMA, cotton bales, cotton cultivation in Punjab, fix intervention price for cotton, in current season declined, largest cotton producing province, Pakistan cotton production may witness further decline, Pakistan National Food Security and Research, reduction of input cost, right measure not taken, TCP

Cotton Commissioner Dr Khalid Abdullah while speaking at the Senate Standing Committee on National Food Security and Research on Wednesday, said that, cotton cultivation in Punjab the largest cotton producing province is going down by 28 percent in the current season and termed it very alarming. Due to which the cotton production in Pakistan may witness further decline next year.

He further added that the country witnessed 30 percent decline in cotton production in year 2015-16 due to abnormal weather, seed quality, pests, diseases and low prices.

Related Keywords: average price, busy in short covering, buying confined to premium quality lint, cotton bales, demand for yarn and textiles starts picking up momentum, Karachi Cotton Association, official spot rate unchanged, Pakistan cotton market, prices maintained upward trend, rise in demand, spinning mills, Textile Industry

Due to rise in the demand from the textile industry, the cotton market maintained an upward trend on Saturday with most of the buying confined to premium quality lint at Rs6,000/maund, dealers said.

According to cotton dealers, around 6,400 bales of cotton by different traders in Sindh and Punjab were finalised at an average price of Rs5,500/maund. However, the low quality cotton was being traded somewhere around Rs4,000/maund.

Spinning mills seem busy in short covering, as demand for yarn and textiles starts picking up momentum.

Related Keywords: cotton bales, Cotton market, cottonseed prices, focus on fine grades, ginners sped up their deliveries, KCA, lint trading, official spot rate firm, physical prices firm, spinners made deals of all grades

With firm physical prices, lint trading remained fair as fine grades were in focus. The official spot rate remained firm at Rs 5,650 per maund while cottonseed prices in Sindh stood around at Rs 3,250 per maund and Rs 3,375 per maund and in Punjab rates stayed at Rs 3,450 and Rs 3,625 per maund, traders said.

Due to better arrival of cottonseed and ginners sped up their deliveries in anticipating increase in demand in the near future keeping the economic activities firm floor brokers said.