official spot rate picked up | Yarns and Fibers

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Shortage of lint cotton likely to push rates higher

YarnsandFibers News Bureau

Related Keywords: 500, Coming days due to the rising fear, Cotton market, entered into import contracts, export consignments, lint cotton shortage, Many spinners were keen to import cotton, official spot rate picked up, prices are likely to be pushed higher, Rs 100 to Rs 6, seed cotton prices up

In the coming days due to the rising fear for lint cotton shortage, the prices are likely to be pushed higher on the cotton market, dealers said on Monday. The official spot rate picked up Rs 100 to Rs 6,500.

In the ready session, over 10,000 bales of cotton changed hands between Rs 5950-6800, while in Sindh seed cotton prices were at Rs 2700-3200, in the Punjab rates were at Rs 2800-3300, as per 40 kg, dealers said.

Prices recover slightly as arrivals of Phutti from Punjab slow down

YarnsandFibers News Bureau

Related Keywords: cotton bales, Cotton market, decline in fresh arrival, fall in arrivals of seed cotton, ginners to raise asking prices, late sowing, official spot rate picked up, Prices recovered slightly, Punjab station

Prices recovered slightly on the cotton market on Tuesday with the fall in arrivals of seed cotton from the Punjab station due to late sowing, dealers said. In both Sindh and Punjab, seed cotton prices were at Rs 3000 and Rs 3200 per 40 kg, respectively.

The official spot rate picked up Rs 50 to Rs 6,250, dealers said. In ready business, around 8,000 bales of cotton changed hands between Rs 6450 and Rs 6700.

Persistent demand pushes cotton prices further higher

YarnsandFibers News Bureau

Related Keywords: cotton bales, Cotton market, due to panic buying, expectations of better rates in near future, ginners interested in present selling, official spot rate picked up, persistent demand for quality lint, prices gain further, prices touch seasons high rate, short supply

On the back of short supply and persistent demand for quality lint, prices has gain further at the cotton market on Thursday. In the recent session, the prices touched the season's high rate at Rs 5750 due to panic buying, dealers said.

According to market sources, short supply helped the rates to go up further as the ginners were interested in present selling on expectations of better rates in the near future. The interesting thing is that the ginners have not much quality lint but they are to hold back, not making deals in a big ways.

Strong demand for cotton by mills, spinners causes price flare up

YarnsandFibers News Bureau

Related Keywords: caused price flare up, cotton bales, Cotton market, improved buying by mills and spinners, increase in booking orders by the foreign countries, Indian cotton export, official spot rate picked up, rates may go up in coming days, short supply, strong demand, witnessed rise in cotton prices sharply

The cotton market on Wednesday in the process of improved buying by mills and spinners, witnessed rise in cotton prices sharply, dealer said. According to market sources, short supply and strong demand by mills and spinners caused price flare-up. It is expected that the rates may go up in the coming days.

The official spot rate also picked up Rs 50 to Rs 5400 while in Punjab, rates of phutti were at Rs 2800-3150. In ready business 8000 deals of cotton bales finalized at Rs 5300-5750, dealers said.

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