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Related Keywords: cotton bales, decline in prices, domestic market, increase in arrivals, KCA, KCE, kept general prices in green zone, Lint market, premium price, remains selective on grade issue, shrinking better grades of lint, slightly high price, some buyers made deals, some deals made for second grade stuff, spot rate, trading activity

Trading activity at lint market remains selective on grade issue while some buyers made deals on slightly high price on shrinking better grades of lint that also kept general prices in green zone. Also some deals were made for second grade stuff on premium price.

Some of the leading buyers in Sindh and Punjab stations during trading session made forward deals on slightly higher price at around Rs6,725 per maund for consolidating inventories, floor brokers said.

Related Keywords: CCI, cotton stabilization fund, decline in prices, duty-free access, highlight host of problems faced by industry, hoarded cotton, Market glut, minimal duty advantage, scarce allegedly by MNC, shortage of cotton, shut down twice a week, slowdown of exports, Telangana textile and spinning mills

To highlight the host of problems faced by the industry, including shortage of cotton that was made scarce allegedly by multinational companies, the Telangana textile and spinning mills has decided to shut down twice a week. There are about 33 mills in Telangana following bifurcation and at least 50,000 persons are said to be working in them.

Related Keywords: CAI, change in Chinese reserve policy, cotton export, cotton prices, cotton season, decline in prices, demand for better quality, domestic consumption, explore new market, ICE, showing signs of recovery

In the last week of January cotton prices ruled at at Rs14,420 a bale (170 kg) – near a five-year low which is some 14 percent below the levels seen at beginning of the cotton season, which began in October. However, cotton prices have now been showing signs of recovery over the last one month.

Decline in prices is attributed mainly to record domestic production and waning exports to China due to change in its reserve policy.