News Tags

Related Keywords: affect pricing, cotton bales, cotton growing areas, entered in the market, Ex Karachi rates, increased demand, Karachi cotton exchange, new crop, slow trading activity, slowed down the arrivals, spot rates increased, two station of Punjab

At the Karachi Cotton Exchange, slow trading activity was witnessed on Wednesday, while spot rates increased to Rs6,300/maund (37.324kg) and Rs6,752/40kg.

Ex-Karachi rates also increased to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded trade of 1,400 bales from six stations in between Rs6,300/maund to Rs6,520/maund.

Trade was recorded from Shahdadpur, Mirpurkhas, Jamsabad and Golarchi in Sindh, while two stations of Punjab, Chichawatni and Burewala, also entered in the market with the new crop.

Related Keywords: biotechnology company, developer of genetically engineered spider silk, facility ready for operation, fibre technology, increased demand, Kraig Biocraft Laboratories, moving rapidly to commercialize, signed of lease, significant impact on global textiles industry, spider silk technology, take possession new production facility in Indiana

Kraig Biocraft Laboratories, a fully reporting biotechnology company is a leading developer of genetically engineered spider silk based fibre technologies. In response to increased demand, they have signed of a lease and will be taking possession of its new production facility in Indiana.

Kraig Biocraft Laboratories is moving rapidly to commercialize its spider silk technology, which it believes will have a significant impact on the global textiles industry.