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Related Keywords: Cotton market, cotton prices, Ginners, mills and spinners, Pakistan cotton market, spot rate

Prices on the cotton market remained firm in the process of meek trading as mills and spinners kept on the sidelines ahead of Eid-ul-Fitr holidays. The official spot rate held the overnight level at Rs 5800. The prices of seed cotton in Sindh and Punjab stayed unchanged at Rs 2800-2900.
 
The mills were not taking interest in purchasing of cotton due to quality factor, the fall in the business activity is attributed to ginners' attitude toward new deals as most of them were not in favour of deals at the present levels.
 

Related Keywords: consumption trend, cotton prices, Pakistan cotton market, spinning mills, textile sector

A decline in consumption by spinning mills lead to drop in cotton prices. The country’s textile sector which consumed between 1.3 million to 1.4 million bales average monthly has plummeted to around 4 lakh bales since the start of Ramazan.
 
The Karachi Cotton Association (KCA) on Tuesday reduced its spot rate by Rs300 to Rs6,455. While, following were Tuesday’s new crop Karachi Cotton Association (KCA) official spot rates for local dealings in Pak rupees for base grade 3 staple length 1-1/32” micronair value between 3.8 to 4.9 NCL.
 

Related Keywords: cotton crop, cotton price in Pakistan, cotton prices, us cotton futures

Widespread precipitation last weekend in US largest cotton growing region, Texas has raised prospect of a bountiful crop in the coming season. This has an adverse impact on cotton prices with the US cotton futures' benchmark contract falling on 16 June.

However, mill buying supported prices for the old cotton crop traded via the July contract on ICE Futures US which is due to expire on 9 July. The most-active December contract was bearish through the day, dealers reported.

Related Keywords: Cotton futures, cotton growing in USA, cotton prices, cotton sowing in texas, US Department of Agriculture

As precipitation improved over the last five days across Texas, the country's biggest cotton producing state, the prospect of improved supplies heightened showed the US government data. The data released after market close on 27 May reinforced expectations that fibre availability will improve in the coming season beginning 1 August. However, the release of the report led to cotton futures falling to a four-month low on 28 May.

Related Keywords: cotton prices

Cotton prices remain unchanged, following moderate demand. Kapas or raw cotton traded flat as demand from ginners was limited. Gujarat Sankar-6 cotton traded at Rs. 42,800-42,900 per candy of 356 kg. Kapas ruled at Rs.1,050-1,090 for a maund of 20 kg, while gin delivery kapas traded on Rs.1,090-1,095 for a maund in Rajkot.

A Rajkot-based cotton broker said that demand was moderate as prices ruled higher. Moreover, export demand is limited restricted buying by ginners. In the current situation, prices may dwindle over next few days.

Related Keywords: cotton prices, cotton production

Indian growers can get good prices for their cotton as the global supply is tight provided the export limits are removed. Moreover the increasing demand cotton from domestic mills has strengthened the cotton prices in the last ten days. There is a 22.5 percent increase in prices to Rs.21,977 per candy. Indian cotton prices are on the rising trend but not if compared to this time with last year, the current prices are still down by 2 per cent.

Related Keywords: cotton prices, Pakistan cotton industry

Prices remained firm over continued buying from indigent spinners and a stable conditions prevailed on the cotton market on Wednesday. But around quality lint, much of activity was witnessed as millers were keen to reload their stock at current prices.

Thinning arrivals of phutti (seed cotton) is a major cause of concern for stakeholders who feel that larger quantity of cotton would have to be imported to meet the domestic demand, as there is already acute shortage of quality lint in the market.

Related Keywords: Cotton market, cotton planting, cotton prices, US farmer

The forecast is a turnaround for the U.S. cotton market and could boost global supplies of the fiber. Many U.S. cotton farmers last year opted to grow other crops such as corn and soybeans after cotton prices fell in 2011 and 2012. But this spring, U.S. farmers are set to plant more cotton than they did last year and reap a crop almost one-quarter larger than the previous harvest as farmers are hoping to benefit from prices that have gained more than 7% from a year ago, but the projected production increase from the world's biggest cotton exporter could turn around that price pick up.

Related Keywords: cotton prices, Pakistan cotton industry

Cotton prices at the Pakistan cotton market remained under pressure for second straight session on Tuesday due to lack of buying interest. However, some millers lifted small lot deals at falling prices.

Meanwhile, with very little phutti (seed cotton) left in the fields the availability of quality lint is getting tight. This is another major factor behind listless conditions on the cotton market.

Brokers said that around 200,000 to 300,000 bales would further add up in total production during the remaining cotton season, but they would be mostly of low quality.

Related Keywords: cotton prices, Gujarat Sankar-6 cotton, National Commodity and Derivatives Exchange

Kapas or raw cotton prices ruled stable on Friday as demand from ginners was limited. Around 60,000-62,000 bales of cotton arrived in Gujarat state and 2 lakh bales of cotton across the country.

Traders and ginners said that arrivals are restricted since farmers are holding back their produce.

Gujarat Sankar-6 cotton traded at Rs. 42,900-43,000 for a candy of 356 kg. Kapas was quoted Rs. 1,050-1,085 for a maund of 20 kg and gin delivery kapas traded at Rs. 1,085-1,100 a maund in Rajkot.