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Related Keywords: agricultural sector, cotton bales, custom duty, Ginners, hit domestic industry, import of cotton from India, local farmers, must continue for survival, opposes waiving off regulatory duty, Pakistan Cotton Ginners Association, Sales tax

Pakistan Cotton Ginners Association (PCGA) has strongly demanded that regulatory duty, sales tax and customs duty on the import of cotton from India should not be waived off and it must continue for the survival of local farmers as well as ginners.

The PCGA Chairman Nawab Shehzad Ali Khan said that Cotton economy was passing through the worst crisis of the history and they should avoid to benefit any stake holder at the cost of national economy and Prime Minister Nawaz Sharif should take notice of such proposals personally.

Related Keywords: buyers eager for quality lint, focus on fine grade, Ginners, Karachi Cotton Association, made deals on slightly higher prices, Pakistan cotton market, spot rate unchanged, trading session cotton bales

At Pakistan cotton market on Thursday focus was more seen on fine grade as buyers remained eager for quality lint and made deals on slightly higher prices at around Rs5,525 per maund during the trading session. Around 3,900 bales changed hands. The Karachi Cotton Association (KCA) spot rate unchanged Rs 5,400 per maund.

According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought the grade at around Rs 5,175 per maund to cater their immediate need.

Related Keywords: cotton business, drop in prices, dull in Pakistan, Ginners, lint price, new crop cotton stock, Pakistan textile industry, raw cotton, value of seed cotton

Cotton business remains dull in Pakistan with further drop in prices and not much stocks of new crop cotton (2015-16) remain unsold with ginners. This week cotton market witnessed a decrease in the value of seed cotton prices by about Rs 100 per 40 kgs, while lint prices dropped by Rs 100 to Rs 150 per maund (37.32 kgs).

Related Keywords: cotton bale, due to quality factor, Ginners, major buyers on sidelines, mills and spinners, official spot rate, Pakistan cotton market, seed cotton price, trading activity moderate

As major buyers were on the sidelines due to quality factor, trading activity remained moderate on the cotton market on Tuesday, dealers said.
Seed cotton prices in Sindh were at Rs 2300-2350 and in Punjab rates were at Rs 2350 and Rs 2450. In the ready business, around, 3000 bales of cotton changed hands between Rs 4700 and Rs 5000. However, the official spot rate remained unchanged at Rs 4700.

According to analysts, some needy mills and spinners took part in fresh buying of seed cotton while ginners preferred to sell to meet their financial problems.

Related Keywords: cotton prices on rise, dull trading, dwindling cotton stocks, Ginners, KCA. spot rate, Pakistan cotton market, quality lint cotton, Spinners

Dull trading was witnessed on the cotton market on Friday as ginners were reluctant to sell lint cotton at prevailing prices. According to brokers, dwindling cotton stocks, particularly of quality lint, are a major factor for slow trading. As the current season is approaching to an end, the cotton stocks in the country have declined below 250,000 bales.

The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, around 2,000 bales of cotton changed hands between Rs 4900 and Rs 5500 (conditional).

Related Keywords: contract farming, Cotton growers, empowering farmers to process cotton themselves, Ginners, increase their revenue, increase value chains, sell both cotton and its seeds, Tanzania cotton board

The Tanzania Cotton Board (TCB) is working out plan to empower farmers to process cotton themselves and benefit from selling both cotton and its seeds. They are also working on increase value chains in the sector. TCB Director of Finance and Administration Gabriel Mwalo said that under the new system, cotton growers will reap the fruits of value addition.

Currently ginners are the ones who enjoy the lion share of cotton profits making double income, because more than fiber they also earn from oil extracted from cotton seeds.

Related Keywords: amid fresh buying, Ginners, ICE cotton rose, leading mills and spinners, Pakistan Cotton Ginners Association, Pakistan cotton market, strong demand for US cotton

Active buying by some leading mills and spinners was seen but the ginners were not ready to oblige them by lowering the rates. In fact, ginners raised asking prices amid fresh buying by mills and spinners, at Pakistan cotton market on Wednesday.

According to Cotton analyst, Naseem Usman, the Pakistan Cotton Ginners Association (PCGA) issued fortnightly phutti arrivals report till February 15, at 14.6 million bales.

Related Keywords: better cotton, cotton crop, cotton waste, cotton yarn, exporter of raw cotton, Ginners, ginning units, high carbon footprint, increase sustainable cotton production, Pakistan cotton grower, significant for Pakistan economy, water intensive crop

Pakistan, the fifth largest global cotton grower and third largest exporter of raw cotton, is among the major growers of cotton in the world. Today, Pakistan is one of the largest exporters of cotton yarn and fourth largest consumer of cotton, which makes cotton crop significant for Pakistan’s economy. As environmental experts regard high carbon footprint of cotton a significant threat to the environment, as it’s a water intensive crop. Measures are being introduced to reduce high carbon footprint of cotton.

Related Keywords: cotton farmers, cotton prices, cotton trading activity, demand for export, domestic mill, Ginners, Gujarat Sankar-6 cotton, Indian cotton market, kapas, MSP, Rajkot

Weak cotton trading activity was witnessed at Rajkot, Gujarat as cotton prices remained unchanged and domestic mills were buying only as per their requirements as demand for export was seen dull.

Kapas or raw cotton declined marginally on lower buying from ginners. Gujarat Sankar-6 cotton was traded at ₹33,100-200 per candy of 356 kg.

About 45,000-50,000 bales (of 170 kg) arrived in Gujarat and 2.10-2.15 lakh bales arrived in India. Kapas lost ₹5 to ₹830-850 for a maund of 20 kg. Gin delivery kapas stood at ₹855-860. Cottonseed went for ₹355-370.

Related Keywords: decline in cotton yarn prices, domesitc market, Ginners, Pakistan cotton market, TCP, traders facing huge loss

Pakistan ginners not pleased with current direction of price after the Trading Corporation of Pakistan (TCP) starting its procurement plan. Further due to decline in cotton yarn prices traders are facing huge losses.

At the cotton market on Friday, routine trading took place as mills wanted to meet their regular needs. The official spot rate halted further losses, showing no change at Rs 4,650.

The seed cotton prices in Sindh remained unchanged at Rs 1500 and Rs 2400, in Punjab prices were also static at Rs 2000 and Rs 2500, dealers said.