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Related Keywords: cotton bales, cotton market witnessed, discouraging buying at large scale, paying premium price for good lint, prices remained on higher side, Renewed buying interest, Shortage of quality cotton, spinners sought to replenish stocks, trading could not expand

The cotton market on Tuesday witnessed renewed buying interest as spinners sought to replenish their stocks, paying premium price for good lint. Consequently, prices remained on the higher side discouraging buying at large scale.

Due to high cotton prices, phutti (seed cotton) prices moved higher and were being quoted in the range of Rs2,900-3,300 for Sindh quality and Rs3,000-3,400 for Punjab variety.

Higher cotton yarn prices were also adversely impacting yarn market as they threaten value-added textile industry’s viability.

Related Keywords: Cotton Association of India, cotton bales, due to pink bollworm attacks in some states, likely to see jump in cotton prices, prices have increased by Rs250-300 per quintal last week, six to seven percent in a week, Trade is speculating a big fall in cotton output

As the trade is speculating a big fall in cotton output due to pink bollworm attacks in some states, even though there is little clarity yet on the extent of the damage. Prices have increased by Rs250-300 per quintal last week and it is likely to see jump in cotton prices by 6to7 percent in a week.

Various government and trade bodies have undertaken surveys to reassess the crop. A Maharashtra government official, who did not want to be named, said the fall in yields could be 15-20%.

Related Keywords: brokers did not turn up, cotton bales, cotton trading activity, kept proceedings listless, owing to fear, remained dreary, sit-in by a religious organisation, spot rates stood unchanged, thin attendance in the trading ring, unrest in the city

Cotton trading activity remained dreary due to unrest in the city because of a sit-in by a religious organisation, owing to fear the brokers also did not turn up. There was thin attendance in the trading ring which kept proceedings listless.

The spot rates stood unchanged at the previous levels of Rs6,600/maund (37.324kg) and Rs7,073/40kg. Ex-Karachi rates also remained firm at Rs6,745/maund and Rs7,228/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

Related Keywords: 000 per maund, build up inventories, buyers seen chasing quality cotton, cotton bales, cotton market on Thursday, intense demand, official spot rates increased, prices on ready counter, pushed cotton prices u, Renewed buying interest, seasonal peak level, Spinners, Textile Industry, touched Rs7

At cotton market on Thursday buyers seen chasing quality cotton in order to build up their inventories. This renewed buying interest pushed the cotton prices up to the seasonal peak level of Rs.7,000 per maund. Due to intense demand, prices on ready counter touched Rs7,000 per maund while official spot rates were increased by Rs100 to Rs6,600 per maund.

Short supply and fears of crop failure kept buyers panicky. There was strong demand but most deals could not be finalised owing to quality constraints.

Related Keywords: both buyers and sellers, buyers indulged in short covering, cotton bales, cotton market on Wednesday, KCA, KCE, near future demands, panic buying, past two days no longer evident, rationalised their approach, spot rate, steady conditions prevailed

Panic buying of the past two days was no longer evident as both buyers and sellers seemed to have rationalised their approach and steady conditions prevailed on the cotton market on Wednesday as buyers indulged in short covering for their near future demands.

Pakistan Central Cotton Committee’s (PCCC) review has set aside all fears and apprehensions that were afloat about the size of the crop in the light of heat wave, smog and fog impact, said Naseem Usman, chairman Karachi Cotton Brokers’ Forum.

Related Keywords: cotton bales, KCA, leading buyers, level of prices, market estimates, overall behavior at cotton market firm, prices began to stabilise, remained above import parity, spot rate, stayed away from trading ring

The overall behavior at cotton market on Thursday was firm and prices began to stabilise. Leading buyers stayed away from the trading ring . However, as per market estimates, the level of prices still remained above import parity.

The current spell of rains in Punjab is being reckoned to be healthy for standing cotton plants and could help improve production. However, leading spinners seemed to be unwilling to take any risk and are keen to import cotton once duty is withdrawn.

Related Keywords: Baloch cotton produced around 5000 bales per year, cotton bales, more or less 200 bales of Baloch cotton sold, official spot rate was higher by Rs 50, Pakistan cotton market, prices hit seasons high, ready session, Sindh seed cotton prices were up

At Pakistan cotton market, prices hit season's high on Wednesday and the official spot rate was higher by Rs 50 to Rs 6500, dealers said. According to dealers more or less 200 bales of Baloch cotton sold at Rs 7000, Baloch cotton produced around 5000 bales per year.

In Sindh seed cotton prices were up by Rs 100 to Rs 2800-3300, in the Punjab rates were at Rs 2900-3400, as per 40 kg. Besides, in the ready session, over 25,000 bales of cotton changed hands between Rs 5600-6800.

Related Keywords: amid fine grades of lint in focus, blending purposes, cotton bales, Cotton market, Demand for better grades of cotton, Moderate cotton trading witnessed, reinforce long positions, remained on higher side, spinners purchased commodity, trading session in Sindh and Punjab stations

Moderate cotton trading witnessed amid fine grades of lint in focus, during trading session in Sindh and Punjab stations. Demand for better grades of cotton remained on the higher side during trading session and spinners purchased the commodity for blending purposes as well as to reinforce their long positions.

Buyers made deals for all grades of cotton that kept market’s bottom line prices firm. Buyers also made forward deals for second grade of lint at around Rs 6,425-Rs 6,450 per maund.

Related Keywords: CCI, cotton bales, cotton to be sold directly, direct state run Cotton Corporation of India, during this season, help maintain stable prices, ICF, Indian Cotton Federation, October to September, only to textile mills, procure hundred lakh bales, record bumper crop expected, throughout the year, urged the union government

The Indian Cotton Federation (ICF) has urged the union government to direct the state run Cotton Corporation of India (CCI) to procure 100 lakh bales ( a bales is 170 kgs) as a record bumper crop is expected during the 2017-18 season (October-September). ICF stated that this cotton should be sold directly only to textile mills, which would help maintain stable prices throughout the year.

Related Keywords: Active buying interest, at week-end level, coming weeks as phutti arrival starts to slow down, cotton bales, cotton market on Monday witnessed steady conditions prevailing, helped lint prices stay firm, intermittent buying orders, seen for quality cotton, spinners fear acute shortage of cotton

Active buying interest was seen for quality cotton as spinners fear there would be acute shortage of cotton in coming weeks when phutti arrival starts to slow down. The cotton market on Monday witnessed steady conditions prevailing as intermittent buying orders helped lint prices stay firm at week-end level. However, it was interesting to note that all selling offers were readily picked up by spinners.