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Related Keywords: APTMA is the single buyer, APTMA single buye According to the ministry officials, contaminated cotton, cotton growers estimated a loss of Rs twenty two billion, KCA spot rate, lack of qualitybased pricing system, non-practicing of cotton standardization system, Pakistan Ministry of Textile industry, Pakistani cotton is hand picked

Pakistan Ministry of Textile Industry has estimated a loss of Rs 22 billion to cotton growers during 2015-16, due to lack of quality-based pricing system and non-practicing of the cotton standardization system. According to the ministry officials, APTMA is the single buyer and acts as a cartel, which accounts for growers unable to get their due price.

Pakistani raw cotton is being traded at an average discount of 7 cents per pound in the international market.

Related Keywords: fine quality lint, ginners raised asking prices, KCA spot rate, meet requirement, mills rush to secure bales, Pakistan cotton market, prices surged, response to high demand from spinners, TCP, Textile Industry

At cotton market as mills rush to secure bales to meet their requirement ginners has raised asking prices in response to high demand from spinners. There is a moved upwards and prices have surged to Rs6,000/maund, said brokers.

The Karachi Cotton Association rose the benchmark spot rate by Rs75 to Rs5,625/maund.

Reeling from supply problems, many spinners rushed to the market and started panic buying to refill their depleting stocks. Volumes were high with traders bought 11,424 cotton bales at the ready counter.

Related Keywords: cotton bales, cotton prices, fine grades, growing demand of end products, KCA spot rate, Pakistan coton market, private sector commercial exporters, replenish stock, textile and ginning units, trading session

The cotton prices remained stable as buyers in cotton market tried to replenish their stocks with quality lint. Most of the buyers remained busy dealing in fine grades. However, buyers bought all grades during trading session in all stations of Sindh and Punjab, while KCA kept spot rate at Rs 4,950 per maund, traders at Karachi Cotton Association (KCA) said on Wednesday.

The stakeholders in Punjab stations remained eager for fine grades for producing better end products but power outages and load shedding in textile and ginning units slowed down production capacity.