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Related Keywords: cotton bales, Ginners, mainly from India, over past several weeks, Pakistan cotton market, PCGA, prices of domestic cotton, projection, remained steady, seed cotton, sharp slow doen in cotton turnover, sizeable short, using imported cotton and yarn

The prices of domestic cotton over the past several weeks have remained steady though there is a sharp slow down in the cotton turnover this year (August 2015/July 2016) of only about 9.8 million bales (155kgs) against the earlier projection of upto 15 million bales.

As per its fortnightly seed cotton (Kapas/Phutti) arrivals report for the current season (2015/2016) till the 15th of February, 2016, the Pakistan Cotton Ginners Association (PCGA) said the ginning factories received 9,687,118 lint equivalent bales.

Related Keywords: ahead of PCGA fortnightly report, China plans to cut production, cotton bales, indulged in fresh buying, leading buyer, market sources, Pakistan cotton market, seed cotton, Spinners, spot rates remained unchanged, trading activity improved

With some leading buyers indulged in fresh buying ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly report due shortly, trading activity on the cotton market witnessed improved on Wednesday, according to market sources.

In the ready business, about 4000 bales of cotton changed hands between Rs 4700 to Rs 5600, dealers said.

However, the official spot rate remained unchanged at Rs 5,350. While, in Sindh, prices of seed cotton remained between Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000.

Related Keywords: China, cotton bales, dull market seen, leading spinners kept on sidelines, Pakistan cotton market, process of trading, ready business, reduction in cotton cultivation, seed cotton, spot rate, top growing region

Dull market was seen on the cotton market on Tuesday as leading spinners kept on the sidelines in the process of trading. In the ready business, about 1400 bales of cotton changed hands at Rs 5550, dealers said.

In Sindh, prices of seed cotton at Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000. The official spot rate remained unchanged at Rs 5,350.

As per the market sources, the spinners were not keen in making fresh deals because they are already facing losses due to high risk of doing business in absence of incentives by the government.

Related Keywords: Cotton Advisory Board, Cotton Association of India, cotton bales, cotton production, cotton sowing, decline in average acreage, five year low, likely to decline, low soil moisture, mixing sub-standard cotton, spurious seeds supplied, take trict action against trade malpractices, this crop year

The trade estimates cotton production at around 33 million bales (170 kg each) for the October 2015-September 2016 crop year against 38 million bales in the previous year. The Cotton Advisory Board anticipating lower output in its first estimate in November, forecast output at 36.5 million bales. The agriculture ministry had in September forecast cotton output at 33.51 million bales.

Related Keywords: capitalise maximum returns, cotton bales, Cotton growers, cotton growing belts, fine lint in demand, ginning units, KCA, Lint market, Mills in Sindh and Punjab stations, month period forward deals, physical prices firm, spot rate, textile sector, trading session

During the trading session, many buyers made deals in fine grade to strengthen their long positions in the lint market that kept physical prices firm. Trader at the Karachi Cotton Association (KCA) also said that some leading buyers made a month period forward deals for all grades on Saturday.

Related Keywords: agricultural sector, cotton bales, custom duty, Ginners, hit domestic industry, import of cotton from India, local farmers, must continue for survival, opposes waiving off regulatory duty, Pakistan Cotton Ginners Association, Sales tax

Pakistan Cotton Ginners Association (PCGA) has strongly demanded that regulatory duty, sales tax and customs duty on the import of cotton from India should not be waived off and it must continue for the survival of local farmers as well as ginners.

The PCGA Chairman Nawab Shehzad Ali Khan said that Cotton economy was passing through the worst crisis of the history and they should avoid to benefit any stake holder at the cost of national economy and Prime Minister Nawaz Sharif should take notice of such proposals personally.

Related Keywords: buyers made deals for quality lint, cotton bales, domestic market, growing demand of cloth and yarn, KCA, leading mills and spinners, moderate trading activity, Pakistan cotton market, slightly higher prices, spot rate

At Pakistan cotton market trading activity remained moderate on Thursday, as buyers made deals for quality lint on slightly higher prices at around Rs 5,575 per maund during the trading session, said floor brokers.

In domestic market, buyers continued to keep an eye on quality lint on the back of growing demand of cloth and yarn.

The Karachi Cotton Association (KCA) spot rate unchanged Rs 5,400 per maund.

Related Keywords: busy with year end closing activities, clearing cotton import payments of banks, cotton bales, Increased buying, Karachi Cotton Association, majority of textile mill owners, Pakistan cotton market, remained at two months low, take place next year, Trade turnover of cotton

With majority of textile mill-owners staying busy with year-end closing activities trade turnover of cotton remained at two months low at 3,200 bales (of 155 kilogram each), said dealers on Saturday.

The Karachi Cotton Association reported traders bought 3,200 bales at Rs4,900-5,500/maund (37.324 kilogram) as compared to 11,635 bales bought at Rs4,900-5,600/maund on the previous working day (Wednesday).

Related Keywords: cotton bales, cotton bales lying in unsold stock, ginning factories, Pakistan Cotton Ginners Association, Pakistan ginneries, seed cotton, Textile mills, witness drop in cotton arrival

Ginneries across Pakistan as of December 1st have received seed cotton (phutti) equivalent to over 86,31,933 bacles of cotton which shows a decrease of 28.93 percent compared to corresponding period last year when ginneries received 1,21,45,705 bales according to the 7th fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued on figures of cotton arrival up to December 1st, 2015 on Thursday.

Related Keywords: CITI, Confederation of Indian Textile Industry, cotton bales, cotton corporation of India, cotton development and research association, kapas, raise yield in Rajasthan, set up in mandi, tested in laboratory

Confederation of Indian Textile Industry’s Cotton Development and Research Association, which has been active in Rajasthan for the past few years, now plans to raise yield there to 1,000 kg per ha. With higher yield, Rajasthan’s production has also increased to around 170,000 bales.

P D Patodia, chairman, CITI standing committee on cotton, said that they had set a target of raising yield to 1,000 kg (per ha). Rajasthan is expected to have the highest cotton yield this season.