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Related Keywords: bailout package for cotton farmers, collapse of the crop in Pakistan, cotton cultivation in Pakistan, cotton exports worth, cotton farmers, cotton output in Pakistan, cotton prices, cotton prices in Pakistan, textile exports of Pakistan

Mian Shahid, chairman of United International Group, on Sunday demanded a bailout package for cotton farmers affected by recent collapse of the crop in Pakistan.

He stated that dismayed farmers were switching to other crops which could reduce area under cotton cultivation by 20 per cent which would further bring production down.

Textile sector would be hard pressed as four billion dollars would be needed to import cotton which would hit the foreign exchange reserves and gross domestic product growth, he added.

Related Keywords: Cotton Advisory Board, cotton harvest in india, cotton price in india, cotton prices, cotton production in India, us cotton futures

Cotton markets in India continued to reel under demand pressure. Weak demand from mills remained sluggish pushing cotton prices down by about 3% or INR1,000 per candy of 355 kg over the week. According to reports, prices also declined due to poor export demand. Cotton exports in December were good but reversed in January, giving back the fibre to domestic mills. Traders believe that prices will decline further by another INR500 a candy in coming weeks.

Related Keywords: cotton prices, decline in lint prices, ginners long position rushed to unload stock, KCA, lower, lower export orders for yarn, Pakistan cotton market, selling pressure, Spinners, spot rate

Cotton prices remained lower on Wednesday as ginners fearing further decline in lint prices having long position rushed to unload their stocks at Pakistan cotton market.

According to floor brokers, slow moving cotton demand from spinners in front of lower export orders for yarn and high prices of cotton compared to import parity kept prices under pressure.

The situation is highly perplexed because short crop and poor demand from China owning to high cost of Pakistani yarn against Indian and Vietnamese variety kept trading activity slow and restricted.

Related Keywords: aid imports of cotton, cotton bales, cotton corporation of India, cotton output, cotton prices, cotton procurement centres, equitable distribution of cotton, farmers from Telangana, MSP, Santosh Kumar Gangwar, Union Textiles Minister

There is an expected slump in cotton output by 5-10 lakh bales likely this year and an expected rise of cotton prices as some farmers from Telangana have demanded an MSP of Rs 5,000 per quintal.

Earlier, during his meeting with farmers, Union Textiles Minister Santosh Kumar Gangwar had said the minimum support price (MSP) for cotton has been fixed at Rs 3,936-4,100 per quintal, depending on the moisture content.

But his ministry is in constant touch with the Finance Ministry for revising the price upwards.

In India, 30s (65/35) PV yarn prices edged down US cents 5 a kg in the last week of August in Indore market. PC 30s (52/48) prices fell further US cents 7 a kg in Ludhiana market.

In Pakistan, polyester-cotton yarn prices declined as PSF and cotton prices were subdued in recent weeks. Overall, with textile production progressively returning to a seasonal high, demand for fiber was improving. 24 PC (52/48) carded yarn prices in Pakistan fell US cents 9 a kg on the week on the Faisalabad market while 30s were down US cents 12.

Related Keywords: cotton prices, pc yarn prices, Polyester prices, psf prices, pv yarn prices, rayon prices, yarn prices

Related Keywords: below MSP, cotton prices, expected cotton crop, give a record yield, low demand from China, major cotton growing region, raw cotton, Vidarbha inked with agricultural crisis

Vidarbha which is always linked with agricultural crisis due to rains during the last fortnight have changed the situation. The cotton crop is now expected to give a record yield. Last year was marred by a drought and excessive rains had hit the farmers the year before.

However, experts feel that good harvest may not be met with good prices. Cotton rates are expected to reign below the minimum support price (MSP) of 4,050 a quintal. At present, lint is being quoted at 33,000 a bale, which translates into 3,700 a quintal for raw cotton.

Related Keywords: cotton, Cotton futures, Cotton market, cotton prices, new cotton crop, Textile

Pakistan cotton market witnessed improved buying interest in new crop on Tuesday. Mills and spinners showed interest in purchasing new crop due to quality factor which helped to improve the volume of business.

According to analyst, Naseem Usman, some of mills were on the sidelines due to rising problems related to textile business such as load shedding. Other dealers said that cotton market saw thin business because of bank holiday.

Related Keywords: cotlook index, cotton prices, cotton prices in china, cotton prices in india, cotton prices in Pakistan, Cotton yarn prices, cotton yarn prices in china, cotton yarn prices in india, cotton yarn prices in pakistan

In early June, YnFx had predicted that cotton prices will remain subdued in June as global supply and demand volumes then pointed to sustained weakness while a number of factors were underpinning the recent improvement. As the month crossed its first half, cotton prices were depressed across major markets on ample supply amid poor demand.

Cotton futures on the ICE fell for the fifth straight session in the week of 22 May, ending their worst week in more than six months as stronger US$ continued to prompt speculator liquidation, though traders noted prices remained locked in a tight trading range. July contract settled down US cents 3.54 or 5.3 per cent n the week to US cents 63.30 per pound.

Related Keywords: Cotton futures, cotton price in china, cotton price in india, cotton price in Pakistan, cotton prices

Related Keywords: cotton prices, delay in arrival of next crop, dwindling cotton stocks, KCA, Pakistan cotton market, quality lint running short, remain on higher side, Slow trading on cotton market, spinning sector, spot rate

Slow trading was witnessed on Friday on cotton market as cotton prices continued to remain on the higher side with dwindling cotton stocks and spinners kept looking for quality lint which is running in short supply.

The Karachi Cotton Association (KCA) left its spot rates unchanged.

The textile industry, particularly the spinning sector expressed concern over the long delay in the arrival of next crop and falling cotton stock.