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Related Keywords: cotton farmers, Cotton market, cotton prices, huge stock of yarn, Indian cotton as the fibre from India is not standardized, Indian Cotton Federation, quality cotton, spinning sector, Textile scenario, yarn sector

When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”

Related Keywords: 400/maund, 500 bales, 800 to Rs7, around 2, big mills are relying on imports, continue mix trend, Cotton market, ginners are left with smaller quantities, in the coming days, Karachi cotton market, KCE, price of Rs5, recorded four transactions, spot rate

The cotton market will continue mix trend in the coming days, as ginners are left with smaller quantities, while big mills are relying on imports, according to analyst. Karachi cotton market recorded four transactions of around 2,500 bales at a price of Rs5,800 to Rs7,400/maund.

Deals included 1,000 bales of Sanghar at Rs5,800 to Rs6,000/maund, 708 bales of Vehari at Rs6,400, 400 bales of Burewala at Rs6,300 and 200 bales of Shahar Sultan exchanged hands at Rs7,400/maund.

Related Keywords: Cotton market, ginners holding less than 0.6 million bales, higher price, KCA, KCE, meet seasonal requirements, most deals were finalised at higher rates, needy spinners, over sustained demand, Prices up, quality lint, Spinners booked some lower grade cotton, spot rate

Prices up over sustained demand for quality lint from needy spinners to meet their seasonal requirements at cotton market on Monday. Most of the deals were finalised at higher rates. Spinners striving to cover up their positions also booked some lower grade cotton at higher price. The ginners are holding less than 0.6 million bales, brokers said.

Fast depleting stocks held by ginners and shortage of quality lots continue to panic small spinners. Fear of delay in arrival of next crop due to water shortage in lower Sindh was also a matter of great concern for the textile industry.

Related Keywords: adding lint to their inventory, amid uncertain outlook, Barring a few deals finalised, Cotton market, discouraged spinners, KCA, kept to the sidelines, lackluster on Wednesday, leading buyers, slow demand for cotton yarn and grey cloth, some small spinners, spot rate, trading activity, value-added textile sector

The trading activity at cotton market remained lackluster on Wednesday as leading buyers kept to the sidelines amid uncertain outlook. Barring a few deals finalised by some small spinners. Slow demand for cotton yarn and grey cloth from the value-added textile sector discouraged spinners from further adding lint to their inventory.

There are strong indications that the current cotton season could be shorter than normal as very little phutti (seed cotton) has been left behind in the fields.

Related Keywords: Chinese companies, confronted with rising wages, Cotton market, fast increasing level of investment in Africa, higher energy bills, important customers, largely focused on large projects, major players in worlds textile market, mounting logistical costs, quotas on import of cotton, textile production in China

Chinese companies are the major players in the world’s textile market and important customers in the cotton market are fast increasing their level of investment in Africa. They have been largely focused on large projects as textile production in China is today confronted with rising wages, higher energy bills and mounting logistical costs, as well as quotas on the import of cotton.

Related Keywords: buyers stayed away, cotton bales, cotton inventories, Cotton market, extremely slow tone, falling cotton prices in the world markets, KCA, no transactions, slow off take of yarn, spot rate firm, Trading activity resumed, week opened, yarn market

Trading activity resumed on an extremely slow tone as the week opened at the cotton market as buyers stayed away due to slow off take of yarn and falling cotton prices in the world markets.

Although the SRO for waiver of duty and taxes on lint imports was issued by the government last week, spinners are now facing a new quandary as cotton yarn prices started to decline due to lack of buying from the value-added textile sector.

According to cotton broker Naseem Usman, the spinners have huge cotton inventories, due to which the yarn market has suddenly become depressed and slow.

Related Keywords: cotton bales, Cotton market, global cotton market, KCA, kept to the sidelines, Leading spinners, major factor for poor performance, slow off take of cotton yarn, Slow trading witnessed, spot rate

Slow trading witnessed at the cotton market on Wednesday as leading spinners kept to the sidelines. Overall, the undertone was weak and outlook uncertain. However, some market reports suggest that slow off-take of cotton yarn was a major factor for poor performance of the cotton market.

Trading resumed on overnight dull tone, impacted by the issuance of an statutory release order (SRO) waiving duty and taxes on import of cotton.

Related Keywords: backdrop of falling world cotton prices, Cotton market, Ginners, lack of buying interest, leading buyers, Leading spinners, not deterred with falling prices, pushed cotton prices lower, remained steadfast, Slow moving trading activity, withdrew to sidelines

Slow moving trading activity was seen at cotton market on Wednesday as leading buyers withdrew to the sidelines in the backdrop of falling world cotton prices. The lack of buying interest from leading spinners further pushed cotton prices lower. However, ginners on their part remained steadfast and were not deterred with falling prices.

At the Karachi Cotton Association (KCA) spot rates were adjusted downward to Rs7,500 per maund.

Related Keywords: Cotton market, cotton prices, fairly moderate activity, Ginners, import options, Karachi Cotton Association, replenished stocks at lower level, revival of buying interest, Spinners, spot rates unchanged, substantial export orders, trading ring

Cotton prices stabilizing on Tuesday at cotton market with the revival of buying interest at the lower level. Many small- and medium-sized spinners actively rep­lenished their stocks at the lower level. Consequently, fairly moderate activity was noted when trading ring closed. How­ever, activity remained res­tricted as many leading spin­­ners looked for import options.

Related Keywords: better grades at a slightly higher price, Buyers also made forward deals, cotton bales, Cotton market, for a month in anticipation, further increase in better stuff prices, KCA, leading buyer made deals, maintain inventories, shrinking of better grades of lint, spot rate, trading session

During the trading session at the cotton market due to shrinking of better grades of lint, leading buyer made deals for better grades at a slightly higher price to maintain their inventories. Buyers also made forward deals for a month in anticipation of a further increase in better stuff prices.

The physical prices remained steady and influx of phutti (cottonseed) in ginneries remained normal.