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Related Keywords: continuing to influence domestic trading, cotton bales, cotton yarn and grey fabric by buyer, depressed yarn and grey fabric markets, global trend, KCA, KEA, PCGA, pushed cotton prices under pressure, slow off take, spot rate, taking a toll over, trading at cotton market on Monday, workings of the cotton market

Slow off take of cotton yarn and grey fabric by buyer, once again pushed cotton prices under pressure when trading resumed on Monday at cotton market. The depressed yarn and grey fabric markets are taking a toll over the workings of the cotton market, with global trend continuing to influence domestic trading, brokers said.

Leading spinners continue to be absent while some small spinners indulge in buying on a day-to-day basis resulting in erratic market behavior.
Brokers said that leading spinners holding substantial cotton inventories have booked lint for import.

Related Keywords: cotton imports from India, demanded government, detrimental to interests of cotton growers, impose complete ban, Pakistan Cotton Ginners Association, PCGA, ruin cotton growing and growers in Pakistan, via Wahag Border

The Pakistan Cotton Ginners Association (PCGA) demanded the government to impose complete ban on cotton imports from India as PCGA leaders strongly feel that imports of cotton lint from India via Wahag Border is detrimental to the interests of the cotton growers, it will ruin cotton growing and growers in Pakistan hence should be immediately stopped.

Related Keywords: Active trading witnessed, after cotton arrivals report was released, cotton bales, cotton stable, Karachi Cotton Exchange on Wednesday, Pakistan Cotton Ginners Assocication, PCGA, spot rate remain unchanged

Active trading was witnessed at the Karachi Cotton Exchange on Wednesday after cotton arrivals report was released by the Pakistan Cotton Ginners Assocication (PCGA) on Tuesday and cotton remaining stable.

Yazman Mandi’s 400 bales were sold at Rs6,800/maund, 400 bales of Bahawalnagar at Rs6,850/maund, 2,400 bales of Rahimyar Khan at Rs6,800 to Rs6,925/maund and another lot of 2,000 bales of Rahimyar Khan exchanged hands at Rs7,000/maund.

Related Keywords: by hundred rupees per bale, cotton prices, experiencing steady rise, high demand, hike in price, KCA, local textile and spinning mills, low production, Pakistan Cotton Ginners Association, Pakistan cotton market, PCGA, spot rate

Cotton prices experiencing steady rise due to high demand in local textile and spinning mills as well as low production at Pakistan cotton market. Pakistan Cotton Ginners Association (PCGA) announced latest price of cotton on Tuesday was Rs 7,1000 after Rs100 price hike per bale.

Related Keywords: abolition of four percent duty on cotton imports, Cotton market, Dull trading was record, Ex Karachi rates remained unchanged, Karachi cotton exchange, little deals were booked, PCGA, prices increased across the globe, Prices to remain high, sellers and buyers wait for cotton arrivals data, spot spot rates stood unchanged

Dull trading was record at cotton market on Thursday by the Karachi Cotton Exchange. The spot spot rates stood unchanged at Rs6,650/maund (37.324kg) and Rs7,127/40kg.

Ex-Karachi rates also remained unchanged at Rs6,785/maund and Rs7,272/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded domestic transactions of around 2,500 bales in between Rs6,300/maund to Rs7,000/maund from three stations that included Sultanabad, Punj Moro and Bahawalpur.

Related Keywords: announce a bailout package, besides boosting the textile exports, caused loss of two hundred billion, cotton import due to limited resources, cultivation of cotton on maximum area, during current season, enhance the production of cotton, farmers, ginners to work like a team to motivate the growers, Pakistan cotton production declined, PCGA

Pakistan cotton production has declined by 5,100,000 bales during the current season which has caused loss of Rs200 billion to national kitty. The federal commerce minister Khurram Dastgir Khan expressing serious concern over the decline in cotton production situation of the country assured the delegation of Cotton Ginners Association (PCGA) of taking immediate and solid steps as they cannot afford huge losses and cotton import due to limited resources.

Related Keywords: China cotton reserve auctions, cotton cultivation, Cotton market, Cotton prices recover, government announce a comprehensive cotton policy, official spot rate recovered majorly, PCGA, ready business, save textile industry, short supply position, spinner indulged in forward buying

With spinners getting indulged in forward buying amid short supply position, prices recovered on the cotton market on Friday, dealers said. In the ready business, around 5000 bales of cotton changed hands between Rs 4500-6000 while in the Punjab, prices showed no change at Rs 3100 and Rs 3400. The official spot rate recovered majorly from Rs 100 to Rs 5,650.

Related Keywords: cotton bales, Cotton Crop Assessment Committee, current season compared to last season, cut in acreage, domestic market, forced to plant cotton less, heavy rains, hit by pest attaks, Pakistan cotton production plunge, PCGA, soft local and international prices forced farmers, Sowing delays also hit the crop harder

Pakistan’s cotton production plunged 34.28 percent to 9.768 million bales in the current season compared to the country’s output of 14.863 million bales in the same period of last season, ending in the mid of April. The drop in output this season is due to the crop’s soft local and international prices forced the farmers, hit by pest attacks and heavy rains, to cut acreage, according to the Pakistan Cotton Ginners’ Association (PCGA).

Related Keywords: cotton bales, Ginners, mainly from India, over past several weeks, Pakistan cotton market, PCGA, prices of domestic cotton, projection, remained steady, seed cotton, sharp slow doen in cotton turnover, sizeable short, using imported cotton and yarn

The prices of domestic cotton over the past several weeks have remained steady though there is a sharp slow down in the cotton turnover this year (August 2015/July 2016) of only about 9.8 million bales (155kgs) against the earlier projection of upto 15 million bales.

As per its fortnightly seed cotton (Kapas/Phutti) arrivals report for the current season (2015/2016) till the 15th of February, 2016, the Pakistan Cotton Ginners Association (PCGA) said the ginning factories received 9,687,118 lint equivalent bales.

Related Keywords: affect textile export activities, APTMA, demand immediate tax holiday, entire textile value chain, import of cotton, off set decline in textile exports, Pakistan cotton crop for the year, PCGA, sharp reduction in output, textile manufacturers, trading partners, USDA, withdraw levy on cotton import

Pakistan cotton crop for the year 2015/16 due to its sharp reduction in output, textile manufacturers are anticipate serious affects on export activities for which they demand for an immediate tax holiday on import of cotton, that might off-set decline in the textile exports.