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Related Keywords: cotton oil seeds, declined by fifty rupees per maund, KCA, open markets in Pakistan, price of prime quality cotton, reflect adjustment in commodity price, revised down official spot rat, textile mills cotton bales

The price of prime quality cotton witnessed decline by Rs50 per maund to Rs4,750 per maund at open markets in Pakistan on Friday. The Karachi Cotton Association (KCA) also revised down its official rate by Rs50 per maund (37.324 kilogram) to Rs4,600 per maund to reflect adjustment in the commodity price.

Related Keywords: demand for raw cotton, destroyed standing cotton crop, due to loss in recent flood, import various qualities of cotton, KCA, Pakistani lint remains cheaper, Pakistani textile and spinning sector, Punjab and Sindh region, to meet shortfall

The Pakistani textile and spinning sector will have to import more than 1.1 million bales of various qualities of cotton in the next eight months of FY2015-16 in order to meet the shortfall and its demand for raw cotton that has gone up to around 15 million bales (of 175 kg each). This is due to the loss of one million bales of cotton in the recent floods, which destroyed standing cotton crop in Punjab and Sindh according to Karachi Cotton Association (KCA).

Related Keywords: back of grade issue and low volumes, buyers made forward deals, fine bales, ginning unit, KCA, leading ginners, Lint market, production of textile made-ups, spot rate, stockpile of better grades, trading session

During the trading sessions in the past week, buyers at the lint market made forward deals on the back of grade issue and low volumes at around Rs 4,600 per maund to Rs 4,625 per maund, traders said on Saturday.

The buyers remained eager for fine grades at main stations of Punjab and Sindh, while majority of the ginneries produced all grades on the back of moderate influx of cottonseed.

Prices remained within reach of the buyers amid some cautious activity. The Karachi Cotton Association’s (KCA’s) spot rate remained firm to stay at Rs 4,500 per maund.

Related Keywords: across globe, amid small lot buying, Cotton market, cotton production, cotton stock, expected to reduce, from needy mills, International Cotton Advisory Committee report, KCA, prices remained constant, reduce in cotton-sowing area, spot rate revised down

Prices on the cotton market remained constant on Friday amid small lot buying from some needy mills while the Karachi Cotton Association (KCA) revised down its spot rate by Rs50, to Rs5,100.

Price of new phutti (seed cotton) in Thatha was Rs2435, Tando Adam Rs2500, Badin Rs2475, Kunri Rs2375, Tando Allah Yar Rs2425, Mirpur Khas Rs2400, Sanghar Rs2465, Burewala Rs2400, Sahiwal Rs2375 and Pakpattan Rs2375.

Related Keywords: Fairly small trade activity, KCA, leading buyers, little interest in fresh buying, new arrival of crop, Pakistan cotton market, spot rate, under pressure over GIDC issue

Fairly small trade activity was witnessed at Pakistan cotton market on Monday as some leading buyers kept on the sidelines due to little interest in fresh buying, according to dealers.

At Karachi cotton exchange, the official spot rate remained static at Rs 5450.

According to Cotton analyst, Naseem Usman, mills are still under pressure over the issue of GIDC and on the other hand the ginners were selling their stuff before arrivals of new crop.

Related Keywords: Gas Infrastructure Deve¬lop¬ment Cess, KCA, lack of buying, moved lower, Pakistan cotton prices, reduced activity, second consecutive session, second straight session, spinners disappointed, spot rates reduced, textile processing industry

Pakistan cotton prices for the second consecutive session moved lower. On Tuesday, cotton prices came under pressure due to lack of buying interest. The Karachi Cotton Association (KCA) also reduced its spot rates for second straight session by Rs50, to Rs5,400 per maund.

Disappointed over the Gas Infrastructure Deve¬lop¬ment Cess (GIDC) Act, 2015, spinners reduced their activity.

Related Keywords: continued day to day buying, cotton buying, depending on everyday need, KCA, Pakistan cotton market, remained stable, spot rate unchanged, textile mill owners, trade turnover stable

Cotton buying remained stable with textile mill-owners continuing to make day-to-day buying depending on their everyday need, a dealer said on Wednesday. At the local market the trade turnover of cotton maintained stability at 3,500 bales (155 kilogram each).

According to brokers at the Karachi Cotton Exchange, medium to small size cotton yarn manufacturers, on an average, are buying up to 5,000 bales per day, while some of the big textile mill-owners are also in the markets for selling the commodity from their reserves built at a comparatively cheaper rate.

Related Keywords: all future contract, cotton yarn, fall in price, finished higher, ginners holding stock, KCA, Lower level trading activity, New York cotton market, remained steady, Spinners, spot price, witnessed at cotton market, world cotton market

Some trading activity at the lower level was seen at cotton market on Tuesday as buyers were mostly reluctant anticipating fall in prices in the coming days.

However, spinners on their part were also cautious as they are not getting right price for cotton yarn as the market is sluggish and prices are under pressure. Trading remained restricted and limited as some needy mills lifted small lot deals,.

Ginners, who are holding very little stocks of around 240,000 bales, also seem to be in no hurry to dispose of their stocks at current price

Related Keywords: delay in new crop arrival, floor brokers, held by ginners, KCA, limited stock, Pakistan cotton market, slow down in trading activity, spot rate, steady at previous level, textile industry worried, world cotton market

Pakistan cotton market witnessed slow down in its trading activity on Saturday after staying active for entire week. According to floor brokers, they expected hiatus in activity due to limited stocks held by ginners. The Karachi Cotton Association (KCA) spot rates were steady at previous level.

However, there was demand from some needy mills, but ginners demanded higher rates for their limited cotton stocks. Barring a few deals, which were mostly finalized on high rates, activity on the market remained devoid of enthusiasm.

Related Keywords: cotton production, delay in arrival of next crop, demand for quality lint, from spinners, ginners reluctant to sell stock, KCA, Pakistan cotton market, prices remained firm, spot price reduced, trading slow

Despite demand for quality lint from spinners, trading was slow as ginners were reluctant to sell their stocks at this juncture which kept prices firm on the cotton market on Thursday. Expected delay in the arrival of next crop is another reason which is keeping prices higher, brokers said.

Floor brokers said that the final phutti (seed cotton) arrival figures expected to be released next month could place total cotton production for the current season at around 14.9 million bales.