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Related Keywords: anticipating smaller crop, Cotton market remained steady, expecting huge imports, Indian cotton price risen, KCA, Pakistan spinners, spinners generally preferred to buy domestic stocks, spinners were holding their hopes to import cotton from India, spot rate steady

The cotton market remained steady on Wednesday as spinners generally preferred to buy domestic stocks. Earlier, most spinners were holding their hopes to import cotton from India.

The Karachi Cotton Association’s spot rates were steady at overnight level.

Brokers said that Indian cotton prices have risen by around five US cents from 76 to 81 cents a pound on the expectation of huge imports by spinners from Pakistan and smaller than anticipated crop earlier.

Related Keywords: China, conditional import of cotton from India, cotton prices dropped, declining trend in global market, forced buyers to keep on the sidelines, KCA, Process of modest trading activity, seed cotton price, short supply, spot rate lower

In the process of modest trading activity, cotton prices dropped on Tuesday. According to the market sources, conditional import of cotton from India and declining trend in the global market, particularly in China forced buyers to keep on the sidelines. The official spot rate was lower by Rs 50 to Rs 6250.

In Sindh, seed cotton prices were at Rs 2600-3250 while in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg, dealers said.

Related Keywords: activity declined considerably, Buyers taking sidelines, cotton bales, get better price, ginners holding back stocks, KCA, market behaviour firm and steady, meet immediate demand, preferring to indulge in short ccovering, short supply of quality cotton, spot rate steady

With buyers taking to the sidelines and preferring to indulge in short-covering to meet their immediate demand, The market behaviour was firm and steady on Monday, but activity declined considerably due to short supply of quality cotton. However, brokers believed that ginners have started holding back their stocks in order to get better price.

Related Keywords: cotton bales, Cotton market, Cotton prices rose by rupees two hundred to three hundred, imported Indian cotton issue, KCA, per maund, pushes cotton prices higher, ready counter, Renewed buying interest, seed cotton, spinners and some exporter, spot rate, textile industry perplexed mode

Renewed buying interest from spinners and some exporter at cotton market on Friday pushes cotton prices higher. Cotton prices rose by Rs200 to Rs300 per maund (around 37 kilograms).

There were higher trade deals which helped cotton prices recoup their recent losses and finished around Rs200 to Rs300 higher on the ready counter, brokers said.

The Karachi Cotton Association raised its spot rate by Rs100, to Rs6,300 per maund.

Related Keywords: assured delegation of All Pakistan Textile Mills Association, better prices in future, cotton bales, Cotton market, Cotton yarn market, cut gas tariff, ginners reluctant to sell stock, in line with global trend, KCA, millers holding quality cotton, spinning units, spot rate, Sui Northern Gas Company, Trading ring in Pakistan

Talks in the trading ring in Pakistan have confirmed that in a recent meeting the Sui Northern Gas Company has assured a delegation of All Pakistan Textile Mills Association (Aptma) to cut gas tariff by 28 per cent.

There were some big-lot deals of buying and selling from many millers who tried to get hold of quality cotton, but ginners were generally reluctant to sell their stock in the hope of getting better prices in future.

Related Keywords: arrival of fine quality slowed down, cotton bales, Cotton market, crises ridden cotton yarn market, ginners raise asking prices, high count yarn, KCA, official spot rate remained unchanged, seed cotton, Textile Industry, witnessed slow trading activity

As ginners keen on raising asking prices, dealers said the cotton market on Wednesday witnessed slow trading activity. The official spot rate remained unchanged at Rs 6250 . In Sindh, seed cotton prices were at Rs 2600-3250, while in Punjab, the phutti rates were at Rs 2800 and Rs 3500, as per 40 kg.

Related Keywords: against interest of the industrys, conditional imports of cotton from India, cut in spot rate, issue of import of Indian cotton, KCA, keeping away from trading ring, kept trading activity slow, Pakistan cotton market, reducing buying activity, remain unresolved, Spinners

Big spinners reducing their buying activity by keeping away from the trading ring as the issue of import of Indian cotton remain unresolved. There is a strong perception among spinners that the current situation of conditional imports of cotton from India is against the interest of the industry. This kept trading activity slow at cotton market on Saturday.

Related Keywords: already imported small quantities of cotton, amid undeclared ban, causing lot of confusion in market, currently faced with a situation, floor brokers, imported cotton for despatching, Indian cotton imports, KCA, pay freight cost, sign of resentment, spot rate unchanged, steady flow of buying oreder

The issue of Indian cotton imports amid undeclared ban is causing a lot of confusion in the market. Floor brokers are showing a sign of resentment. Brokers said that those who have already imported small quantities of cotton from India are currently faced with a situation where they will have to pay freight cost on imported cotton for despatching it back to the country of origin.

Yet , there is steady flow of buying orders from spinners . It has helped the cotton market to maintain overnight prices.

The Karachi Cotton Association left its spot rates unchanged.

Related Keywords: cotton bales, Cotton prices moved higher, fetch better prices, ginners hold back stock, imported in violation, Indian cotton, Karachi port, KCA, Ministry of National Food Security and Research Department of Plant Protection, Pakistan rejecting consignment, Plant Quarantine rules, spotrate unmoved

Cotton prices moved higher on Wednesday on reports of Pakistan rejecting a consignment of around 10,000 bales of Indian cotton worth $3.3 million at the Karachi port by the Ministry of National Food Security and Research Department of Plant Protection as it was imported in violation of the country's Plant Quarantine rules. The consignment has to be returned by importers at their cost.

Related Keywords: buying spree, cotton bales, cotton imports from India, cotton yarn, exporters, KCA, Leading spinners, Pakistan cotton market, phyto sanitary certification, pushing prices higher, rising demand for quality cotton, spot rate rise, Textile Industry, trading activity

Trading activity at Pakistan cotton market witnessed rising demand for quality cotton pushing prices higher on Thursday where leading spinners and some exporters remained in the front of buying spree.

The Karachi Cotton Association’s spot rates saw rise by Rs50, to Rs6,300 per maund (around 37 kilograms).

Buyer remain under panic due to confusion over cotton imports from India and indirect ban based on reports that Indian cotton shipments failed to fulfil phyto-sanitary certification, threatening the $822 million-a-year trade.