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Related Keywords: cotton bales, Cotton market, KCA, official spot rate remain unchanged, ready business, seed cotton prices, slight improvement in daily intake, spinners made fresh deals on lower prices, spinning industry, Trading activity improves

As spinners made some fresh deals on lower prices, trading activity on the cotton market on Tuesday saw some improvement, dealers said. In the ready business, as a result of slight improvement in the daily intake, over 3000 bales of cotton changed hands between Rs 4700 and Rs 5400.

The official spot rate remained unchanged at Rs 5,200. While, in Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab prices at Rs 2500 and Rs 2900.

Related Keywords: indulged in forward purchase, mills and exporters, official spot rate unchanged, Pakistan cotton market, prices higher, seed cotton prices, strong demand, uncertainty about size of cotton production

The uncertainty about the size of cotton production with strong demand with some needy mills and exporters indulged in forward purchase kept prices higher at Pakistan cotton market on Wednesday.

In the ready business, over 20,000 bales of cotton changed hands between Rs 4600 and Rs 5450, while in Sindh, seed cotton prices were higher by Rs 100 to Rs 2600 and Rs 2800 and in Punjab prices gained Rs 100-300 to Rs 2600 and Rs 3100, dealers said. But the official spot rate remained unchanged at Rs 5200.

Related Keywords: business remained passive, cotton bales, due to long week end, leading buyers kept sidelines, official spot rate, Pakistan cotton market, ready business, seed cotton prices

Due to long week-end on account of Eid-ul-Azha holidays, business remained passive on the cotton market on Tuesday, dealers said. Leading buyers kept on the sidelines. In the ready business, around 8,000 bales of cotton changed hands between Rs 4750 and Rs 4900.

In Sindh, seed cotton prices recovered overnight gains, rising by Rs 50 to Rs 2350 and Rs 2450 and in Punjab prices were at Rs 2300 and Rs 2450. While the official spot rate maintained overnight level at Rs 4,700, dealers said.

Related Keywords: cotton bales, fresh buying of cotton, official spot rate, Pakistan cotton market, rise in price of fine quality cotton, seed cotton prices, surging demand by mills and spinners

Pakistan cotton market with surging demand by mills and spinners on Wednesday witnessed prices of fine quality moving up. The official spot rate was also up by Rs 50 to Rs 4,600, dealers said. Seed cotton prices in Sindh were at Rs 2400 and Rs 2450 and in Punjab rates were at Rs 2300 and Rs 2450.

In the ready business, around 20,000 bales of cotton changed hands between Rs 4650 and Rs 4750.

According to market viewers, mills and spinners indulged in fresh buying of cotton to cover their short-term needs.

Related Keywords: cotton stock, export cotton bales, leading mills, less buying interest, modest trading, official spot rate, Pakistan cotton market, prices maintained firmness, reduced interest rate, remained unmoved, seed cotton prices, State Bank of Pakistan

In the process of modest trading, dealers said that prices maintained firmness on the cotton market on Saturday. Some leading mills were on the sidelines owing to less buying interest as per market sources. The prices of seed cotton in Sindh were at Rs 2100-2700 and in Punjab at Rs 2500-3100. The official spot rate remained unmoved at Rs 5500

Experts attributed the fall in activity to larger stock with the leading buyers as they had bought major stock than their needs, so some exporters selling their cotton stock to needy mills.

Related Keywords: construct cotton gining factory, cotton area, cotton bales, cotton marketing, crop season 2014-15, Khyber Pakhtunkhwa, Pakistan Cotton Crop Assessment Committee, reduce cost of production, seed cotton prices

The Cotton Crop Assessment Committee of Pakistan at its first meeting which was held with Secretary Textile Industry Ms Rukhsana Shah in the chair on Thursday has set a target of 13.5395 million cotton bales for the crop season 2014-15.