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Related Keywords: all grade of lint, ask highter price, buyers made deals, cotton bales, domestic market, forward deals for a month period, growing demand of all grades, Karachi cotton assoication, Lint market stood positive, quality on top priority, sellers remained in driving seat, strong spot rate, trading session

Lint market stood positive during trading session as buyers made deals for all grades of lint, they also made forward deals for a month period amid strong spot rate. The Karachi Cotton Association (KCA) kept spot rate of Rs5,400 per maund.

The sellers remained in driving seat as they ask price on their own terms on growing demand of all grades that kept market sentiments on higher side despite shrinking domestic fine stocks, floor brokers said.

Majority of the ginning units produced second grade lint to around 4,000 bales out of total output of around 9,600 bales on higher demand.

Related Keywords: aid imports of cotton, cotton bales, cotton corporation of India, cotton output, cotton prices, cotton procurement centres, equitable distribution of cotton, farmers from Telangana, MSP, Santosh Kumar Gangwar, Union Textiles Minister

There is an expected slump in cotton output by 5-10 lakh bales likely this year and an expected rise of cotton prices as some farmers from Telangana have demanded an MSP of Rs 5,000 per quintal.

Earlier, during his meeting with farmers, Union Textiles Minister Santosh Kumar Gangwar had said the minimum support price (MSP) for cotton has been fixed at Rs 3,936-4,100 per quintal, depending on the moisture content.

But his ministry is in constant touch with the Finance Ministry for revising the price upwards.

Related Keywords: before start of Eid holidays, cotton bales, cotton belts, cotton output, firm to tight, Lint market, lint prices remained, needy buyers made forward deals, Pakistan cotton market, seed cotton, trading session

Some needy buyers made forward deals for all grades during trading session at lint market before the start of the Eid ul Azha holidays from Thursday 24th September lasting till the end of this week. Thus lint prices reportedly remained firm to tight during the first half of this week. Business will now open on next Monday viz the 28th of September 2015.

Fresh selling in fine grades remained dull on back of holiday-like mood of ginners and sellers while buyers were anticipating decline in prices after Eid-ul-Azha, floor brokers said.

Related Keywords: business remained passive, cotton bales, due to long week end, leading buyers kept sidelines, official spot rate, Pakistan cotton market, ready business, seed cotton prices

Due to long week-end on account of Eid-ul-Azha holidays, business remained passive on the cotton market on Tuesday, dealers said. Leading buyers kept on the sidelines. In the ready business, around 8,000 bales of cotton changed hands between Rs 4750 and Rs 4900.

In Sindh, seed cotton prices recovered overnight gains, rising by Rs 50 to Rs 2350 and Rs 2450 and in Punjab prices were at Rs 2300 and Rs 2450. While the official spot rate maintained overnight level at Rs 4,700, dealers said.

Related Keywords: cotton bales, fresh buying of cotton, official spot rate, Pakistan cotton market, rise in price of fine quality cotton, seed cotton prices, surging demand by mills and spinners

Pakistan cotton market with surging demand by mills and spinners on Wednesday witnessed prices of fine quality moving up. The official spot rate was also up by Rs 50 to Rs 4,600, dealers said. Seed cotton prices in Sindh were at Rs 2400 and Rs 2450 and in Punjab rates were at Rs 2300 and Rs 2450.

In the ready business, around 20,000 bales of cotton changed hands between Rs 4650 and Rs 4750.

According to market viewers, mills and spinners indulged in fresh buying of cotton to cover their short-term needs.

Related Keywords: cotton bales, forward buying, mills and spinners busy, official spot rate, Pakistan cotton market, price of lint quality, price remain firm, Punjab, seed cotton price in Sindhi

With both mills and spinners busy in the forward buying, prices showed firmness on the cotton market on Monday, dealers said. The official spot rate maintained week-end levels at Rs 4,600, while seed cotton prices in Sindh were at Rs 2300 and Rs 2450 and in Punjab rates were at Rs 2200 and Rs 2350.

In the ready business, around 17,000 bales of cotton changed hands between Rs 4625 and Rs 4700, dealers said.

Related Keywords: conduced four tenders, cotton bales, during last season, facing difficulties, offloading cotton procured, stabilise prices in domestic market, state run grain trader, to support farmers, Trading Corporation of Pakistan

Trading Corporation of Pakistan (TCP) the state-run grain trader is facing difficulties in offloading cotton, procured on the federal government directives during the last season to support the farmers and stabilise its prices in the domestic market. TCP has conducted four tenders for the sale of 95,400 cotton bales (Crop Year 2014-15), of which, two tenders have been scrapped by the state-run grain trader as bids were lower than the reserve price. Some 10,800 cotton bales have been sold through remaining two tenders.

Related Keywords: active buying from mills, cotton bales, cotton trading, curtail in supply of seed cotton, increase in rate, official spot rate. seed cotton prices, Pakistan cotton market, supply of phutti

The Pakistan cotton market on Tuesday amid curtails in supply of seed cotton, causing increase in rate, witnessed some active buying from mills. The official spot rate was higher by Rs 50 to Rs 4,500, while seed cotton prices in Sindh were at Rs 2200 and Rs 2400 and in Punjab rates were at Rs 1800 and Rs 2500, dealers said.

In the ready business, around 15,000 bales of cotton changed hands between Rs 4475 and Rs 4800. The prices moved up slightly due to slight fall in supply of phutti.

Related Keywords: cotton bales, decline in prices of seedcotton, due to fear of rain, global weakness in cotton and yarn prices, invited tender for the sale . old crop cotton, lint prices reported decline, Pakistan raw cotton prices, remain under pressure, Trading Corporation of Pakistan

Pakistan’s raw cotton prices due to fear of rain damage which may produce water-laden lint due to the continuing rainfall in several parts of the cotton belt remain under pressure. Moreover, global weakness in cotton and yarn prices is also pressuring the cotton prices.

Within a week or so, prices of seedcotton (Kapas/Phutti) have also reportedly declined by about Rs 200 per 40 Kilogrammes. The seedcotton prices in Sindh on Thursday ranged from Rs 1700 to Rs 2200 per 40 Kgs, while in the Punjab it ranged from Rs 1700 to Rs 2300 per kgs in a quiet market.

Related Keywords: cotton bales, dull trading witnessed, ginners raised asking prices, international market, Pakistan cotton market, seed cotton, shortage of lint cotton, spot rate unchanged

Dull trading was witnessed at the Pakistan cotton market on Monday as most of the ginners again raised asking prices as they have very little stock of lint cotton. The official spot rate remained unchanged at Rs 5300.

Market sources said that trading activity came down in the absence of mills' buying interest as the ginners kept on the sidelines because of shortage of lint cotton. Nearly 1,000 bales of cotton sold at Rs 5650.

The prices of seed cotton in Sindh were at Rs 1900 and Rs 2500 and in Punjab rates were at Rs 2200 and Rs 3000, dealers reported.