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Related Keywords: anticipated price hike, cotton price, Karachi Cotton Association, Pakistan cotton market, spot rate

Pakistan cotton market witnessed decline in trade turnover of cotton as several textile mill-owners remained on the sidelines on ease in panic-related to anticipated price hike. The decline was by 43 percent to 11,500 bales (155 kilograms each) on Saturday.

According to Naseem Usman, a broker at the Karachi Cotton Exchange, the ease in cotton price worldwide influenced mill-owners to remain on the sidelines at the local markets.

The Karachi Cotton Association (KCA) kept its official rate for cotton unchanged for the second working day at Rs4,850/maund.

Related Keywords: cotton acreage, cotton price, cotton sowing in china, cotton sowing in india, cotton stock, Farmers in China, Farmers in India, Farmers in US, high-quality US cotton, ICAC, National Cotton Council

According to reports, cotton farmers in US will probably cut down acreage to the lowest since 2009 after prices slumped in January to a five-year low.

Plantings is predicted to drop to 9.73 million acres in the season beginning 1 August, from 11.04 million a year earlier, as farmers will switch to other crops including peanuts. The National Cotton Council is set to release its planting-intentions survey on 7 February.

Related Keywords: Cotton market, cotton price, fine quality, lowering price, official spot rate, Pakistan cotton market, Pakistani ginners, seed cotton rates, surplus cotton, trading activity, yarn price

With Pakistani ginners not lowering prices of fine quality and the official spot rate remaining unchanged at Rs 4,850, no visible change was seen in the present outlook on the cotton market on Thursday.

Trading activity came down as ginners were not ready to oblige the mills because rates offered by mills were not matching with their psychological levels. Cotton analyst, Naseem Usman said that overall sluggish trend in the world market is also an adding factor behind the falling business.

Related Keywords: better quality crop, bottomed out, China, Cotton Association of India, cotton exporters, cotton exports, cotton price, cotton yarn, decline, DGFT, import restriction, Indian cotton inrdustry, raw cotton, weakening rupee, Zhejiang Textiles

India is expected to become the world’s largest cotton exporter this year, but cotton exports are expected to see a decline to around 5 million (480 lb) bales in 2014-15, almost 47% from the previous year as it has been hit by import restrictions in China, the world’s largest importer. This has also led to a decline in prices in India as well.

Cotton prices may have bottomed out but a weakening rupee and arrival of better quality crop likely to improve prospects.

Related Keywords: AGCGA, cotton corporation of India, cotton minimum support price, cotton price, export incentive, Indian ginning industry, purchasing cotton, running below capacity, slowdown, subdued demand, substantial cotton production

The ginning industry of India is staring at slowdown, on account of subdued demand and disparity in price. According to industry sources, ginning units are running below 65-70 per cent capacity. India's substantial cotton production this year has not translated into good days for ginning sector.

Moreover, farmers are reluctant to sell kapas (raw cotton) at the current prices in expectation of higher price for their produce, bringing down the commodity's arrival by 50 percent from last year.

Related Keywords: Bangladesh, China, Cotton Advisory Board, cotton bales, cotton export, cotton exporter, cotton price, new cotton season, Pakistan, Southeast Asian markets, Thailand, Vietnam spinning cotton

With the new cotton season (Oct-Sept) beginning, cotton exports in the country have started to pick up but it is unlikely to meet the estimates of 9 million bales put forward by the Cotton Advisory Board for the 2014-15 cotton season.

According to Prerana Desai, head of research with Edelweiss Commodities they see exports almost 20% lower than what has been estimated by CAB as China, a big buyer is facing slow down and there local Government is pushing for use of higher local material. However, two third of India's cotton exports still directly destined to China.

Related Keywords: cotton bales, cotton price, cotton trading, Karachi Cotton Association, Karachi cotton exchange, Pakistan cotton market, picking of phutti, rains, textile mill-owners

Concerns over supply cotton trading surged at six week high of 23,600 bales after rains in Punjab on Tuesday. If rain continues, the price of cotton likely to go further up.

The rains have slowed down picking of phutti (seed-cotton) in Punjab. It has also caused increase in price of cotton by Rs50 per maund (37.324 kilograms) to Rs5,450 per maund in the afternoon on Wednesday.

According to Taqi Abbas, a broker at the Karachi Cotton Exchange, uncertainty convinced textile mill-owners to buy big lots of the commodity.

Related Keywords: Cotton Association of India, cotton price, cotton yarn export, Directorate general of Foreign Trade, domestic yarn price, India Cotton, textile segment

The Directorate General of Foreign Trade lastest data reveals that traders have registered contracts to export 93.54 million kg of cotton yarn in August, 8% lower than a year before and compared with 98.81 million kg in July, The registration of cotton yarn export contracts had hit 1,415 million kg in 2013-14, compared with 1,067 million kg a year before.

Related Keywords: cotton price, Ginners, Karachi Cotton Association, lint, Pakistan cotton market, Pakistan domestic market, seed cotton

With higher arrivals of phutti (seed cotton) and increased selling by ginners, cotton prices witnessed drop on Thursday. At the beginning ginners indulged in panic-selling which further pushed down lint prices as millers and exporter showed very little buying interest.

Exporters are facing difficulties in meeting export parity due to falling prices world over. Cotton prices are currently under pressure with China reducing its buying which is the single largest importer of cotton and cotton yarn.

Related Keywords: cotton arrival season, cotton price, cotton trading, India cotton industry, liquidity crunch, new arrival of cotton, poor demand, Saurashtra Ginners Association, SIMA, spinning industry, yarn mills

Cotton, which was quoted at Rs 40,000 per candy last Thursday, was trading at Rs 37,000 per candy (a candy of 356 kg) on Tuesday, registering Rs 3,000 drop in price, a decline by 7.5 percent per candy over the last four days owing to poor demand from yarn mills and following new arrivals of the crop in state like Punjab.