News Tags

Related Keywords: issue multiple cotton tenders, Karachi Cotton Association, lower participation in first tender, procured from domestic market, sale of remaining quantity of cotton bales, to support farmers, Trading Corporation of Pakistan

Trading Corporation of Pakistan (TCP) to issue multiple cotton tenders for the sale of the remaining quality of 88,600 cotton bales procured from domestic market, due to the lower participation in the first tender although the state-run grain trader has successfully sold some 6,800 cotton bales.

Related Keywords: buyer made deal on cautious note, demand for fine grades remained higher, fortify inventories, Karachi Cotton Association, lack of fine and second grade, Pakistan cotton market, past week, power outages at ginneries, slow arrival of cottonseed, spot rate, textile units kept activities dully, trading remained dull

During past week, trading remained dull due to lack of fine and second grade and power outages at ginneries, textile units kept activities dull and buyers made deals for all grades on cautious note besides demand for fine grades remained higher in order to fortify their inventories, floor brokers said.

The forward deals were made on back of grade issue at around Rs 4,925 per maund to Rs 4,950 per maund, traders said on Saturday.

Related Keywords: before shrinking fine grade lint, build up inventories, Cotton market, fine grade lint demand, Karachi Cotton Association, physical prices firm, potential buyers made deals, producing better textile products, second grade cotton, spot rate stayed steady, Trading week

During trading week at cotton market, fine grade lint demand combined with buyers’ eagerness for fine and second grade cotton for blending purposes kept physical prices firm while spot rate stayed in steady zone. Buyers at major stations of Punjab and Sindh remained busy buying fine grades as demand of better grades was growing on back of producing better textile products while potential buyers made deals for all grades in order to build up their inventories before shrinking fine grade lint, dealers said.

Related Keywords: APTMA, Better Cotton Initiative, decreasing cotton stock, domestic marekt, kapas, Karachi Cotton Association, Pakistan Cotton Ginners Association, Pakistan cotton market, ready cotton sales, rising cotton prices, seed cotton, unsold cotton

The rising cotton prices which had mind- numbing effects on the Pakistan market last week continue to remain fixed in the wake of the fact that the domestic market is left with only 200,00 bales of unsold cotton.

For whatever minimal quantity of seed cotton (kapas / phutti) prices in Sindh were quoted between Rs 2,000 and Rs 2,600 per 40 kgs, according to the quality, while in the Punjab they were quoted between Rs 2,400 to Rs 3,100 per 40 kilogrammes in a firming market.

Related Keywords: cotton consumption, cotton prices, cotton stocks, Karachi Cotton Association, Pakistan textile industry, Spinners

Strong buying from spinners and some exporter moved up cotton prices by Rs50 to Rs100 on Thursday at the Pakistan cotton market. Many millers
rushed to replenish their stocks at current price level in the wake of higher cotton consumption figures released by the ginners’ body.

Much of the activity, however, remained confined to quality lint. As the current season is drawing to a close, quality lint is in shortage, hence expensive.

Related Keywords: anticipated price hike, cotton price, Karachi Cotton Association, Pakistan cotton market, spot rate

Pakistan cotton market witnessed decline in trade turnover of cotton as several textile mill-owners remained on the sidelines on ease in panic-related to anticipated price hike. The decline was by 43 percent to 11,500 bales (155 kilograms each) on Saturday.

According to Naseem Usman, a broker at the Karachi Cotton Exchange, the ease in cotton price worldwide influenced mill-owners to remain on the sidelines at the local markets.

The Karachi Cotton Association (KCA) kept its official rate for cotton unchanged for the second working day at Rs4,850/maund.

Related Keywords: cotton inventories, cotton trading, Karachi Cotton Association, mill owners, new sales order, Pakistan cotton market, regular production operation going, resumed buying, spot rate, witnessed improvement

Pakistan cotton market witnessed improvement in the trade of cotton to 4,349 bales as the mill owners were back to the local markets purchasing cotton to keep their regular production operations going.

In fact, the mill owners resumed buying when their cotton inventories reduce next to nil, or they receive new sales orders.

According to the Karachi Cotton Association (KCA), traders bought a total of 4,349 bales at Rs3,450 to Rs4,950/maund (37.324 kilograms)as compared to 2,200 bales bought at Rs4,950/maund a day ago.

Related Keywords: buying quality cotton, cotton bales, cotton trading, Indian yarn, Karachi Cotton Association, local trader to buy, Pakistan coton market, raw cotton, textile mill owners

Cotton trading in Pakistan remained slow as textile mill owners made select buying in quality cotton. However, the Karachi Cotton Association’s (KCA) spot rates remained unchanged.

Floor brokers said that the textile industry, already facing power and gas shortage, was perplexed by Indian yarn and raw cotton finding their way into the domestic market. Local traders are likely to buy the cheaper Indian cotton. The situation kept trade activities slow at local markets.

Related Keywords: Karachi Cotton Association, lint trading, Pakistan cotton market, range bound

Pakistan cotton market saw higher demand for better grades while lint trading remained range bound. Buyers made cautious deals for all grades during trading session in all stations of Sindh and Punjab. But the majority of leading buyers and sellers remained on sidelines.

According to fibre analyst Shakeel Ahmad, leading buyers were still eyeing on fine grades, while mills made deals for fine grades on competitive price.

Related Keywords: cotton arrival position, cotton crop, cotton production, extra long staple cotton, ginning factories, Karachi Cotton Association, Pakistan cotton industry, trading cotton

The Cotton Crop Assessment Committee (CCAC) at the meeting held on Monday assessed cotton crop size for the season 2014-15 at 13.4885 million bales. They have agreed to maintain the cotton crop size for 2014-15 in Punjab at 9.902m bales, Sindh at 3.48m bales, Khyber Pakhtunkhwa at 0.0015m bales and Balochistan at 0.1070m bales, respectively.

Cotton Commissioner Dr Khalid Abdullah informed the meeting about cotton crop condition and status of cotton arrival position in ginning factories. The major obstacles in achieving cotton production targest were climate and seed quality issues.