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Related Keywords: Cotton market, cotton prices touched a record level, Karachi Cotton Association, most deals finalised on high rates, prices tended to move higher, short supply of quality cotton, slow trading activity, spot rates unchanged, widening gap between production and consumption, witness on Saturday

Slow trading activity witness on Saturday at cotton market due to short supply of quality cotton. However, prices tended to move higher and most deals were also finalised on high rates.

Due to strong demand, cotton prices touched a record level of Rs7,300 per maund (around 37 kilograms). Phutti prices also rose to a seasonal high of Rs3,850 per 40kg. Limited stocks of around 900,000 bales held by ginners were insufficient to see the season through because the next crop is not expected before June or July.

The Karachi Cotton Association left its spot rates unchanged.

Related Keywords: according to their immediate need of lint, anticipation of a decline of spot rate, back of the grade issue, forward trading, grade issues, Karachi Cotton Association, leading buyers remained selective, market sentiments were firm, other buyers made deals, second grade lint, spot rate

The leading buyers remained selective on grade issues while other buyers made deals according to their immediate need of lint on the back of the grade issue and in anticipation of a decline of the spot rate. The market's sentiments were firm on forward trading, traders at the Karachi Cotton Association (KCA) said.

During the trading session, buyers of Sindh and Punjab stations made deals for better grades on a cautious note, while sellers offered all grades of lint at around Rs 5,975 per maund to Rs 6,425 per maund in order to capitalize maximum returns on their proceeds, brokers said.

Related Keywords: cotton bales, Cotton market witnessed lacklustre conditions, Karachi Cotton Association, leading buyers remained preoccupied in clearing their accounts, official spot rate remain unchanged, production report released by the ginners body, Punjab phutti rates, seed cotton prices, spinners focusing on cotton imports from India

The cotton market witnessed lacklustre conditions on Tuesday as most leading buyers remained preoccupied in clearing their accounts. The Karachi Cotton Association official spot rate remain unchanged at Rs 6250. While, in Sindh, seed cotton prices were at Rs 2600-3250 and in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg, according to dealers.

Furthermore, spinners are currently focusing on cotton imports from India because the production report released by the ginners’ body has not shown encouraging figures and estimated to be around 10.08 million bales.

Related Keywords: Cotton market, global trend, heavily overshadowed, heavy smog, influence of global trend, Karachi Cotton Association, large number of spinning units in China, sentiment at domestic market, slowed down, spot rates unchanged, temporary shutdown, trading activity

The global trend heavily overshadowed sentiment at the domestic market, particularly the temporary shutdown of a large number of spinning units in China due to heavy smog, Under the influence of global trend, trading activity on the cotton market on Wednesday slowed down. The Karachi Cotton Association spot rates also remain unchanged.

Spinners generally preferred to abstain owing to slow off-take of yarn and textile goods. Barring needy spinners who indulged in short covering, the market remained devoid of activity.

Related Keywords: cotton bales, Cotton market, firm and steady on Thursday, increased spot rates, Karachi Cotton Association, lack of trade interest, needy spinners, quality cotton, quality cotton in short supply, selective buying, slow arrival of cotton seeds, unannounced ban of cotton import

With selective buying for quality cotton from needy spinners kept cotton market firm and steady on Thursday. The Karachi Cotton Association officially increased spot rates by Rs50, to Rs6,300 per maund (around 37 kilograms).

However, brokers said that phutti prices came down, with Punjab quality being quoted at Rs2,800 to Rs3,500 from Rs3,550 per 40kg. Similarly, the Sindh variety was also lower by Rs50, to Rs3,250 per 40kg.

Related Keywords: due to short crop this season. Cotton market witnessed brisk trading, fearing shortage of cotton, India has deferred cotton exports, Karachi Cotton Association, On rumours, panic buying from leading spinners, raised spot rate, replenish stocks, until crop size is finalized

On rumours that India has deferred cotton exports until its crop size is finalized. There was panic buying from leading spinners to replenish their stocks fearing shortage of cotton due to short crop this season. Cotton market witnessed brisk trading on Tuesday in Pakistan.

The expected move from the Indian government has already pushed cotton prices high in India as this strongly indicates that the crop would also be short in India this season, brokers said.

Related Keywords: current rains have not damaged standing cotton crop, forthcoming Eidul Azha and Hindu festival, Karachi Cotton Association, Lint prices moved higher, provided firmness to domestic cotton, recent rains in the cotton belt, Slow down in cotton picking, slowdown of seed cotton arrivals

Slow down in cotton picking seen due to recent rains in the cotton belt and also forthcoming Eidul Azha and Hindu festival has provided firmness to the domestic cotton. However, it is mostly observed that the current rains have not damaged the standing cotton crop in any notable way.

Related Keywords: all grades, Brisk demand, buyers made forward deals, cast positive on trading, Cotton market, fine and second grade lint, ginning activities, Improved activities in cotton growing belts, Karachi Cotton Association, market in firm frame past week, spot rate, textile and spinning sectors, traders, trading activity moderate

Brisk demand for fine and second grade lint kept trading activity moderate at cotton market on Saturday. Moreover buyers made forward deals in all grades that kept market in firm frame past week, said traders at Karachi Cotton Association (KCA).

The KCA kept the spot rate at Rs 6,500 per maund while fine grade fetched better prices at around Rs 6,600 per maund on higher demand.

Related Keywords: Cotton outpul fell, ensure free trading policy in cotton, increase taxes translating to rise in cost of doing business, Karachi Cotton Association, local textile industry compelled to import, make business competitive, making products costlier in international market, meet demand requirement, waive all duties and taxes on import of cotton

As the Pakistan cotton output during 2015/16 season fell to 9.786 million bales, the local textile industry is compelled to import raw cotton from overseas markets to meet its demand requirement of basic raw material in the wake of devastating crop failure in 2015/16 season at home and make their business competitive.

Related Keywords: buyer remained cautious, Buying remains selective, capitalise maximum returns, cotton production and demand by textile sector, go neck and neck, Karachi Cotton Association, Pakistan cotton markey, spinners in Sindh and Punjab stations purchased lint on cautious note, spot rate, textile sector, with dull volumes on grade issue of lint

At cotton market buyers remained cautious in making any big deal as they only made deals according to their immediate need of lint on back of grade issue and in anticipation of decline in spot rate.

Traders at the Karachi Cotton Association (KCA) on Friday said that buying remains selective with dull volumes on grade issue of lint that kept the leading buyers on sidelines while market's sentiments were firm with forward trading.