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Related Keywords: cotton crop, Pakistan cotton industry

Pakistan to set a target for cotton crop sowing for the next crop season as it sees an increase in the area under crop cultivation as the demand of cotton is estimated to increase by 28 percent with the getting of GSP Plus status. The Federal Cotton Committee (FCC) along with National Food Security and Research, Textile Industry Division, Planing Development and Reforms will meet on February 27 to fix the crop sowing targets for the next crop season and also take stock of the crop production during last year.

Related Keywords: cotton, Pakistan cotton industry

The cotton trades flourish to the best in Pakistan, as according to the Karachi Cotton Association (KCA) spot rates were steady at previous level and trading on ready counter was fairly moderate. Trading on the cotton market on Thursday remained moderate as spinners and some exporters strived to get hold of any sale offer of quality cotton that came their way.

Related Keywords: cotton prices, Pakistan cotton industry

Prices remained firm over continued buying from indigent spinners and a stable conditions prevailed on the cotton market on Wednesday. But around quality lint, much of activity was witnessed as millers were keen to reload their stock at current prices.

Thinning arrivals of phutti (seed cotton) is a major cause of concern for stakeholders who feel that larger quantity of cotton would have to be imported to meet the domestic demand, as there is already acute shortage of quality lint in the market.

Related Keywords: cotton prices, Pakistan cotton industry

Cotton prices at the Pakistan cotton market remained under pressure for second straight session on Tuesday due to lack of buying interest. However, some millers lifted small lot deals at falling prices.

Meanwhile, with very little phutti (seed cotton) left in the fields the availability of quality lint is getting tight. This is another major factor behind listless conditions on the cotton market.

Brokers said that around 200,000 to 300,000 bales would further add up in total production during the remaining cotton season, but they would be mostly of low quality.

Related Keywords: cotton production, Pakistan cotton industry

Pakistan, so far harvested around 13.1 million bales, against the initial forecast of around 13.5-14m bales by the government and private estimates. It is only 5.83 per cent higher than the corresponding period of last season (2012-13) when production stood at 12.378m bales according to official figures for the outgoing fortnight (Jan 15-31).

Related Keywords: cotton prices, Pakistan cotton industry

Cotton prices plunged further down on Wednesday due to renewed selling pressure, keeping the leading spinners and exporters away from the proceedings. But some millers were able to pick up small lot deals at the falling prices to meet their near-future demand.

Floor brokers said that slow demand for cotton yarn is causing adverse impact on the cotton prices as spinners are avoiding holding ‘long position’ in their cotton inventory.

Related Keywords: Cotton growers, Pakistan cotton industry, substandard seeds

Pakistani cotton farmers facing a huge loss due to the substandard and low quality seeds sold to them which have reduced per acre yield. The cotton growers are suffering loss of billions of rupees at the hands of the mafia who are selling poor quality seeds.

Related Keywords: Cotton market, cotton trading, Pakistan cotton industry

Pakistan cotton market trading witnessed dullness as prices remained high but ginners were reluctant to sell their depleted stocks at current rates in anticipation that prices would further rise due to lower-than-expected cotton crop for 2013-14 season.

The sudden dip in phutti arrivals during third picking shocked all the stakeholders who were expecting larger cotton crop over last season (2012-13).

Floor brokers said that as the phutti arrivals have slowed down, the unsold stocks with ginners are also depleting fast because no fresh stocks are being built up.

Related Keywords: cotton, cotton production, Pakistan cotton industry

The Pakistan cotton production has been unremitting at 13 million bales to 15 million bales since the last five years, despite many experiments based on international and national research, according to informed conveyed on Thursday by The National Assembly’s (NA) Standing Committee on Commerce and Textile
The meeting of the NA’s body was held under the chairmanship of Siraj Khan.

Textile Secretary Rukhsana Shah informed that the textile sector in the country represents a complete value chain and has 35,000 shuttle less looms, 350,000 power looms and 18,000 knitting machines.

Related Keywords: cotton price, Pakistan cotton industry, Spinners

Spinners buying interest kept cotton prices at overnight inflated level on Thursday while ginners continued to show reluctance to dispose of their stocks which restricted trading volume. Moreover, from the outset spinners were keen to replenish their stocks ahead of closure on account of strike call on Friday (today