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Modest change in cotton rates

YarnsandFibers News Bureau

Related Keywords: 000 bales of cotton changed hands, active buying by mills, cotton bales, Cotton market, Cotton rates move up modestly, Karachi cotton exchange, official spot rate remained unchanged, over 20, ready session, trading process

Cotton rates to move up modestly on the cotton market on Wednesday during the trading process with active buying by mills, dealers said. The official spot rate remained unchanged at Rs 6,600. In ready session, over 20,000 bales of cotton changed hands between Rs 6250-7000.

While, in Sindh, seed cotton prices were same at Rs 2700-3200, in the Punjab, rates also held the overnight levels at Rs 2700-3300, as per 40 kg.

Cotton market witnessed prices hitting season’s high

YarnsandFibers News Bureau

Related Keywords: Baloch cotton produced around 5000 bales per year, cotton bales, more or less 200 bales of Baloch cotton sold, official spot rate was higher by Rs 50, Pakistan cotton market, prices hit seasons high, ready session, Sindh seed cotton prices were up

At Pakistan cotton market, prices hit season's high on Wednesday and the official spot rate was higher by Rs 50 to Rs 6500, dealers said. According to dealers more or less 200 bales of Baloch cotton sold at Rs 7000, Baloch cotton produced around 5000 bales per year.

In Sindh seed cotton prices were up by Rs 100 to Rs 2800-3300, in the Punjab rates were at Rs 2900-3400, as per 40 kg. Besides, in the ready session, over 25,000 bales of cotton changed hands between Rs 5600-6800.

Dull trading activity kept cotton prices modestly down

YarnsandFibers News Bureau

Related Keywords: causing decline in rates, cotton bales changed hands, Cotton market, cotton prices modestly down, ginners reluctant in new purchasing, official spot rate down, quality was not matching, ready session, Trading activity slowed down

Trading activity slowed down as ginners were reluctant in new purchasing because quality was not matching with their psychological levels causing decline in rates on the cotton market on Tuesday, dealers said.

The official spot rate after maintaining a stable trend for a long time came down modestly, shedding Rs 50 to Rs 6200. In Sindh, seed cotton prices were at Rs 2600-3250 while that in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg.

Cotton prices improve with announcement of incentive for textile sector

YarnsandFibers News Bureau

Related Keywords: budget, cotton bales, exports of textile sector, incentives announced to textile sector, mills continue to buy, Pakistan cotton market, prices showed modest recovery, ready session, revival of zero-rating regime, seed cotton prices, show visible improvement, spot rate recovered

At Pakistan cotton market on Saturday prices showed modest recovery with mills continuing to buy following the incentives to the textile sector, announced in the budget 2016-17, dealers said. In ready session, around 1000 bales of cotton changed hands between Rs 5400-5600.

The official spot rate recovered by Rs 50 to Rs 5,600, dealers said. While, in Sindh, seed-cotton prices were at Rs 3000-3100, per 40 kg.

Tight supply of lint quality show modest improvement in prices

YarnsandFibers News Bureau

Related Keywords: cotton importer, facing hardship in meeting orders, fresh buying to meet requirement, ginners with limited stock of unsold quality lint, international buyers, local textile industry, official spot rate, Pakistan cotton market, raised price, ready session, short supply of cotton, showed modest improvement in prices, tight supply of fine quality

At the cotton market on Tuesday in the process of tight supply of fine quality, dealers said that prices showed modest improvement. Market sources said that the ginners, who have limited stock of unsold quality lint raised prices, so a few needy mills and spinners indulged in fresh buying to meet requirements

The official spot rate gained Rs 50 Rs 5,600 while in ready session, approximately 3000 bales of cotton changed hands between Rs 5300 and Rs 5900, dealers said.

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