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Related Keywords: Cotton market, grade conscious buyers, Karachi Cotton Association, made deals on slightly higher prices, prices remained firm, textile sector is facing dearth of fine grades., to capitalise maximum returns, Traders offered all grades of lint, trading session

During the trading session at the cotton market prices remained firm while grade-conscious buyers made deals on slightly higher price, according to traders at the Karachi Cotton Association (KCA) on Monday.

Floor brokers said that mills in Sindh and Punjab stations bought all grades on cautious note as grade issue was continue. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,275 per maund in order to capitalize maximum returns on their proceeds.

Related Keywords: average price, busy in short covering, buying confined to premium quality lint, cotton bales, demand for yarn and textiles starts picking up momentum, Karachi Cotton Association, official spot rate unchanged, Pakistan cotton market, prices maintained upward trend, rise in demand, spinning mills, Textile Industry

Due to rise in the demand from the textile industry, the cotton market maintained an upward trend on Saturday with most of the buying confined to premium quality lint at Rs6,000/maund, dealers said.

According to cotton dealers, around 6,400 bales of cotton by different traders in Sindh and Punjab were finalised at an average price of Rs5,500/maund. However, the low quality cotton was being traded somewhere around Rs4,000/maund.

Spinning mills seem busy in short covering, as demand for yarn and textiles starts picking up momentum.

Related Keywords: capitalize maximum returns, dull as buyer showed eagerness for quality lots, grade issue, Karachi Cotton Association, keeping physical price in red zone, of influx of better grade, readjust spot rate, Spinners, spot rate, Trading activity at lint market

Trading activity remained dull as buyer in lint market showed eagerness for quality lots keeping physical price in red zone on Wednesday said, traders at the Karachi Cotton Association (KCA).

During the trading session, spinners in Sindh and Punjab stations bought all grades on cautious note as grade issue was continued. Traders offered all grades of lint on bargaining rates at around Rs 4,975 per maund to Rs 5,350 per maund in order to capitalize maximum returns on their proceeds, said floor brokers.

Related Keywords: buyers made forward deals, consolidated their long positions, cotton bales, focus remained on fine lint, ginning units, Karachi Cotton Association, Mills, monthe period, Pakistan lint market, quality lint, range bound trading activity, slightly higher prices, spot rate, textile group, trading session, unchanged

At the lint market focus remained on fine lint keep trading activity range-bound, and the Karachi Cotton Association (KCA) spot rate remained unchanged at Rs5,3000 per maund. During the trading session, buyers made forward deals for quality lint for a month period on slightly higher prices at around Rs 5,650 per maund, said floor brokers. Around 300 bales changed hands.

Related Keywords: busy with year end closing activities, clearing cotton import payments of banks, cotton bales, Increased buying, Karachi Cotton Association, majority of textile mill owners, Pakistan cotton market, remained at two months low, take place next year, Trade turnover of cotton

With majority of textile mill-owners staying busy with year-end closing activities trade turnover of cotton remained at two months low at 3,200 bales (of 155 kilogram each), said dealers on Saturday.

The Karachi Cotton Association reported traders bought 3,200 bales at Rs4,900-5,500/maund (37.324 kilogram) as compared to 11,635 bales bought at Rs4,900-5,600/maund on the previous working day (Wednesday).

Related Keywords: buyer and sellers remained confused, Fall in US dollar value against the rupee, falling cotton prices, ginners disposed stocks, import parity of cotton improved, Karachi Cotton Association, mixed price trend, needy spinners seen buying, New York cotton market, rapid change in market behaviour, replenish stock, seed cotton, spot rate

Some needy spinners were seen buying at cotton market due to falling cotton prices on Tuesday to replenish their stocks. Due to short crop, cotton prices should have soared and activity should have been brisk, brokers said. However, the situation continued to be uncertain as buyers and sellers remained confused over the rapid changes in the market behaviour.

Fall in US dollar’s value against the rupee forced many ginners to dispose of their stocks in a hurry because import parity of cotton improved.

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: affecting the cotton spinning industry, check contamination of cotton, contamination continues to be the most serious problem, during storage, introduce cotton standardisation system, Karachi Cotton Association, Pakistan yarn merchant association, transportation of seed cotton, use of jute bags

Pakistan is the fifth largest producer of cotton in the world, the third largest exporter of raw cotton, the fourth largest consumer of cotton and the largest exporter of cotton yarn in the world. Pakistani cotton and cotton products contribute about 11 percent to gross domestic product and 56 percent to the foreign exchange earnings. However, the governments have failed to implement the ban on the use of jute and polypropylene bags for the transportation of seed cotton.

Related Keywords: avoided bulk buying, drop in price of cotton, Karachi Cotton Association, Karachi cotton exchange, local cotton markets in Pakistan, official rate unchanged, one month low, slowdown in sales of cotton yarn, textile mill owners

Local cotton markets in Pakistan witnessed drop in price of cotton to one month low at Rs4,800/maund (37.324 kilograms) as textile mill owners avoided bulk buying on Thursday.

The Karachi Cotton Association kept its official rate unchanged for the third consecutive working day at Rs4,500/maund. It reported maximum price at Rs4,780/maund from Rs4,825/maund a day ago.

Traders bought 9,400 bales at Rs4,550 to 4,780/maund as compared to 10,200 bales bought at Rs4,500 to Rs4,825/maund a day ago, the Association added.

Related Keywords: for super grade, grade one, issues second cotton tender, Karachi Cotton Association, offload cotton bales, procures cotton bales, received low offer, scrapped second tender for cotton, support farmers and domestic market, than reserve price set, Trading Corporation of Pakistan, two and three

Trading Corporation of Pakistan (TCP’s) issued second cotton tender on August 1, 2015 to offload remaining 88,600 cotton bales (crop year 2016-15) including 1,000 bales of super grade, 24,200 of grade-one 62,400 of grade-two and 1,000 cotton bales of grade-three, after the sale of 6,800 cotton bales through first cotton tender, which was scrapped as it received offers lower than the reserve price set for the sale of the commodity.