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Related Keywords: cotton growing areas, Cotton market, due to monsoon rains, grade issue at lint market, Karachi cotton Association, Karachi cotton exchange, leading buyers made cautious deals, only single transaction recorded, remains dull, spot rate firm, spot rate intact, trading activity

Trading activity at the Karachi Cotton Exchange on Thursday remains dull due to monsoon rains in the cotton growing areas of Sindh and Punjab with only single transaction of 200 bales of Sanghar at Rs6,300/maund recorded in the cotton market.

The spot rates remained firm at Rs6,300/maund (37.324kg) and Rs6,752/40kg.Ex-Karachi rates also stood unchanged at Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

According to an analyst, the trading activity might remain slow in the coming days, as well, as more rains are predicted.

Related Keywords: affect pricing, cotton bales, cotton growing areas, entered in the market, Ex Karachi rates, increased demand, Karachi cotton exchange, new crop, slow trading activity, slowed down the arrivals, spot rates increased, two station of Punjab

At the Karachi Cotton Exchange, slow trading activity was witnessed on Wednesday, while spot rates increased to Rs6,300/maund (37.324kg) and Rs6,752/40kg.

Ex-Karachi rates also increased to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded trade of 1,400 bales from six stations in between Rs6,300/maund to Rs6,520/maund.

Trade was recorded from Shahdadpur, Mirpurkhas, Jamsabad and Golarchi in Sindh, while two stations of Punjab, Chichawatni and Burewala, also entered in the market with the new crop.

Related Keywords: cotton arrival, cotton bales, cotton growing areas, local markets, Pakistan Cotton Ginners Association, textile mills cotton exporters, witnessed year on year more than ten percent increase

Cotton arrival in the local markets witnessed year-on-year 10.63 percent increase to 10.634 million bales, according to the Pakistan Cotton Ginners’ Association.

Around 9.717 million cotton bales were so far sold in the local markets as against 8.390 million bales a year ago. Local crop arrival increased in
February as compared to the last year despite torrential rains and flash floods in some cotton growing areas in the country.