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Related Keywords: amid increase in demand, cotton bales, Ex-Karachi rateso remained firm, ginning factories, Karachi cotton exchange, local market remain steady, new crop, nine transactions recorded, spot rate remained firm, witnessed active trading

Karachi Cotton Exchange on Monday witnessed active trading, while spot rate remained firm at Rs6,350/maund (37.324 kg) and Rs6,802/40-kg. Ex-Karachi rates also remained firm Rs6,485/maund and Rs6,950/40-kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Karachi Cotton Market recorded nine transactions of around 6,000 bales of the new crop at a price of Rs6,350 to Rs6,700 a maund.

According to an analyst, there was more demand after rains stopped in Sindh. Around 65 ginning factories have started operation in Sindh and 10 in Punjab.

Related Keywords: cotton bales, Ex Karachi rates also remained unchanged, in demand of cotton, Karachi cotton exchange, new crop, on Tuesday recorded normal trading activity, prices firm, Sindh and Punjab market, spinning mills, spot rates stood unchanged, upcountry expenses

Karachi Cotton Exchange on Tuesday recorded normal trading activity, while spot rates stood unchanged at Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded seven transactions of around 4,500 bales from the new crop of Sindh and Punjab at a price of Rs6,275 to Rs6,550/ maund.

Related Keywords: affect pricing, cotton bales, cotton growing areas, entered in the market, Ex Karachi rates, increased demand, Karachi cotton exchange, new crop, slow trading activity, slowed down the arrivals, spot rates increased, two station of Punjab

At the Karachi Cotton Exchange, slow trading activity was witnessed on Wednesday, while spot rates increased to Rs6,300/maund (37.324kg) and Rs6,752/40kg.

Ex-Karachi rates also increased to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded trade of 1,400 bales from six stations in between Rs6,300/maund to Rs6,520/maund.

Trade was recorded from Shahdadpur, Mirpurkhas, Jamsabad and Golarchi in Sindh, while two stations of Punjab, Chichawatni and Burewala, also entered in the market with the new crop.

Related Keywords: cotton bales, cotton price, cotton trading, Ginning factory, Karachi Cotton Association, new crop

Cotton prices raised as trading gained momentum over tight supply. The Karachi Cotton Association (KCA) raised its spot rate by Rs50 to Rs6,350. The following were Thursday’s new crop Karachi Cotton Association (KCA) official spot rates for local dealings in Pak rupees for base grade 3 staple length 1-1/32” micronair value between 3.8 to 4.9 NCL.
 

Related Keywords: cotton trading, Mills, new crop, Pakistan cotton industry, Pakistan cotton market, Spinners

With mills and spinners taking interest in fresh deals little improvement was witnessed on Wednesday in the trading activity at the Pakistan cotton markets.
 
While there was no change seen in the official spot rate at Rs 6,300, the prices of seed cotton from Sindh was at Rs 3300 and Rs 3350, and in the Punjab rates jumped by Rs 100 to Rs 3400 and Rs 3350.
 

Related Keywords: cotton price, cotton trading, ginner, Karachi Cotton Association, new crop, Pakistan cotton market, Pubjab spinners

With buyers reluctant to enter into big deals trading at Pakistan cotton market continued at slow pace. Only around 2,500 bales from new crop have so far been sold by ginners which were mostly lifted by Punjab spinners. Around seven to eight ginning units have started operating in Sindh and five in Punjab. However, all these ginneries are getting raw cotton supplies from lower Sindh where crop normally matures earlier than other cotton-growing belts of the country.

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It’s the four consecutive day with no trading happening in Pakistani cotton markets. This is for the first time that traders have recorded no trading deals and are become idle ahead of the arrival of the new crop.

It has made a history with no trading deals taking place in four consecutive days at the cotton markets in Pakistan, a broker at the Karachi Cotton Exchange stated, adding that trader deals remained nil since Friday.

Related Keywords: cotton, Karachi cotton market, new crop, trading activity

Karachi cotton market failed to see any trading activity; in fact officially no deal was recorded. The Karachi Cotton Association (KCA) spot rates also remained unchanged. But it is likely to witness brisk trading activity with the arrival of new crop.

Presently, the Pakistani millers are going through shortage of quality lint as most of the stocks held by ginners are mostly of lower quality from last crop.

Cotton fields have reported that crop in both Sindh and Punjab so far is maturing normally.