News Tags

Related Keywords: agribusiness company, cotton importer, fiber, Textile Industry, unginned cotton, weaving and clothing, yarn

China is the world's largest cotton importer, bringing in over 1.1 million tons last year. Ruichang Tech operates in several African countries and has an annual output of at least 100,000 tons of unginned cotton - before the fiber is separated from the seeds and waste material - and 1,200 tons of cotton yarn. Every ton is shipped to China as raw material for the textile industry.

Related Keywords: cotton importer, facing hardship in meeting orders, fresh buying to meet requirement, ginners with limited stock of unsold quality lint, international buyers, local textile industry, official spot rate, Pakistan cotton market, raised price, ready session, short supply of cotton, showed modest improvement in prices, tight supply of fine quality

At the cotton market on Tuesday in the process of tight supply of fine quality, dealers said that prices showed modest improvement. Market sources said that the ginners, who have limited stock of unsold quality lint raised prices, so a few needy mills and spinners indulged in fresh buying to meet requirements

The official spot rate gained Rs 50 Rs 5,600 while in ready session, approximately 3000 bales of cotton changed hands between Rs 5300 and Rs 5900, dealers said.