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Related Keywords: bales, CCI, cotton, cotton grower, cotton season, cotton trading, fibre, ginning, harvesting, mandis, medium-staple fibre cotton, National Agriculture Market

The CCI has started arrangements for ginning and storage of cotton for the ensuing harvesting season. The central government had newly lifted the MSP on medium-staple fibre cotton by 28% to Rs 5,150 per quintal and long-staple by 26% to Rs 5,450. Traders expect that the hike would help firm up prices in India compared to the last season, when those were lower compared with the global market.

Related Keywords: adjusted downward, adversely affected by slow arrivals, closed easy in line with global trend, cotton bales, Cotton market, cotton trading, crisis-ridden textile industry, Karachi Cotton Association, lacked buying interest, new cotton crop, no hurry to build up stock, phutti, seed cotton, spot rate

Cotton trading on Monday lacked buying interest and closed easy in line with the global trend. Cotton market was adversely affected by slow arrivals of phutti (seed cotton).

Moreover, a crisis-ridden textile industry is cautious and seems to be in no hurry to build up stock from the new cotton crop, they maintained.

Recent rains across the country also hampered cotton picking both in Sindh and Punjab which restricted the availability of cotton.

Related Keywords: amid firm physical prices, cotton trading, forward deals for a month period, Karachi Cotton Association, readjusted overnight by rupees fifty, remained moderate, second grade of lint, shrinking fine lint, spot rates, traders

Cotton trading remained moderate amid firm physical prices, traders said. At the The Karachi Cotton Association (KCA) spot rates were readjusted overnight by Rs 50 per maund to stay at Rs 6,650 per maund.

Forward deals for a month period also changed hands that pushed physical prices in green zone. Floor brokers said that buyers made deals for all grades besides deals for better and second grade of lint for blending purpose remained firm and deals changed hands at around Rs 6,475 per maund to Rs 6,675 per maund during the trading session.

Related Keywords: closed operations, cotton industry, cotton trading, Karachi Cotton Exchange on Wednesday, majority of mills, off season, recording only one transaction, remained slow, spot rates remained unchanged, two thousand bales from Shujabad

Cotton trading remained slow at the Karachi Cotton Exchange on Wednesday recording only one transaction of 2,000 bales from Shujabad at the rate of Rs6,900/maund, while spot rates remained unchanged.

The spot rates stood firm at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also remained unchanged at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Related Keywords: buyers made deals for better lint grade, cotton trading, growing demand, KCA spot rates, of growing demand of yarn and cloth, Pakistan cotton market, Price fixation of cottonseed, remained firm, shrinking stocks, slightly higher price

Cotton trading at Pakistan cotton market remained firm as buyers made deals for better grade of lint on slightly higher price. The leading buyers also strengthen their long position by making deals for better grade lint, as per traders.

Around 1,000 bales changed hands while fine quality cotton fetched better price around Rs 6,600 per maund.

The KCA spot rates remained strong at Rs 6,300 per maund. But some ready market deals changed hands below KCA's prevailing spot rates during the trading session.

Related Keywords: cotton trading, fall in supplies by China and India, Indian Shankar-6 variety of cotton, international market, lower production and increased consumption, new crops available in market, rise in cotton prices, short-term hike, start declining from November, top choice of Bangladeshi importers, two major cotton producers and consumers, USDA

In International market cotton was traded at 77 cents from 62 cents three months ago, a rise by 24.19 percent due to a fall in supplies by China and India, two major cotton producers and consumers. Six months ago the price was below 60 cents, according to industry insiders.

According to Hissam Khandker, director of Delcot Enterprise Ltd, a leading cotton importer of Bangladesh, it is a short-term hike. He hopes that the price will start declining from November when new crops will be available in markets.

Related Keywords: active buying from mills, cotton bales, cotton trading, curtail in supply of seed cotton, increase in rate, official spot rate. seed cotton prices, Pakistan cotton market, supply of phutti

The Pakistan cotton market on Tuesday amid curtails in supply of seed cotton, causing increase in rate, witnessed some active buying from mills. The official spot rate was higher by Rs 50 to Rs 4,500, while seed cotton prices in Sindh were at Rs 2200 and Rs 2400 and in Punjab rates were at Rs 1800 and Rs 2500, dealers said.

In the ready business, around 15,000 bales of cotton changed hands between Rs 4475 and Rs 4800. The prices moved up slightly due to slight fall in supply of phutti.

Related Keywords: cotton inventories, cotton trading, Karachi Cotton Association, mill owners, new sales order, Pakistan cotton market, regular production operation going, resumed buying, spot rate, witnessed improvement

Pakistan cotton market witnessed improvement in the trade of cotton to 4,349 bales as the mill owners were back to the local markets purchasing cotton to keep their regular production operations going.

In fact, the mill owners resumed buying when their cotton inventories reduce next to nil, or they receive new sales orders.

According to the Karachi Cotton Association (KCA), traders bought a total of 4,349 bales at Rs3,450 to Rs4,950/maund (37.324 kilograms)as compared to 2,200 bales bought at Rs4,950/maund a day ago.

Related Keywords: buying quality cotton, cotton bales, cotton trading, Indian yarn, Karachi Cotton Association, local trader to buy, Pakistan coton market, raw cotton, textile mill owners

Cotton trading in Pakistan remained slow as textile mill owners made select buying in quality cotton. However, the Karachi Cotton Association’s (KCA) spot rates remained unchanged.

Floor brokers said that the textile industry, already facing power and gas shortage, was perplexed by Indian yarn and raw cotton finding their way into the domestic market. Local traders are likely to buy the cheaper Indian cotton. The situation kept trade activities slow at local markets.

Related Keywords: buy cotton bales, cotton rates, cotton trading, Ginners, NY cotton futures, Pakistan cotton market, TCP, textile traders

The upward trend in the NY cotton futures helped the rates to inch up amid moderate trading in Pakistan cotton market, according to dealers. While the official spot rate remained unchanged at Rs 5,000.

In the ready session, around 17,000 bales of cotton changed hands at Rs 4800-5300. In Sindh, rates of seed cotton were firm at Rs 2000 and Rs 2050, in Punjab prices of low type gained Rs 100 to Rs 2500 and Rs 2700.