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Related Keywords: cotton bales, Cotton market, Cotton prices rose by rupees two hundred to three hundred, imported Indian cotton issue, KCA, per maund, pushes cotton prices higher, ready counter, Renewed buying interest, seed cotton, spinners and some exporter, spot rate, textile industry perplexed mode

Renewed buying interest from spinners and some exporter at cotton market on Friday pushes cotton prices higher. Cotton prices rose by Rs200 to Rs300 per maund (around 37 kilograms).

There were higher trade deals which helped cotton prices recoup their recent losses and finished around Rs200 to Rs300 higher on the ready counter, brokers said.

The Karachi Cotton Association raised its spot rate by Rs100, to Rs6,300 per maund.

Related Keywords: arrival of fine quality slowed down, cotton bales, Cotton market, crises ridden cotton yarn market, ginners raise asking prices, high count yarn, KCA, official spot rate remained unchanged, seed cotton, Textile Industry, witnessed slow trading activity

As ginners keen on raising asking prices, dealers said the cotton market on Wednesday witnessed slow trading activity. The official spot rate remained unchanged at Rs 6250 . In Sindh, seed cotton prices were at Rs 2600-3250, while in Punjab, the phutti rates were at Rs 2800 and Rs 3500, as per 40 kg.

Related Keywords: African Growth and Opportunity Act, AGOA exports, apparel exports to the U.S. growing, importing Asian fabrics, Kenya Association of Manufacturers, Kenya government, Kenyan Export Processing Zones, Kenyan farmers, manufacturers in East Africa, potential for cotton, seed cotton

Kenya government sees potential for their cotton through the AGOA exports which is a strong motivation to grow the industry this year after the U.S. extended its African Growth and Opportunity Act, or AGOA, by a decade. The initiative comes as manufacturers in East Africa’s biggest economy are counting on apparel exports to the U.S. growing.

Related Keywords: Buying by mills, cotton bales, Cotton market, Ginners, Ginning factory, keep prices at present level, modest trading, official spot rate unchanged, seed cotton

Buying by needy mills to cover their immediate requirements helped prices to hold present levels on the cotton market on Wednesday in the process of modest trading. The official spot rate was unchanged at Rs 5,550, dealers said.

In ready session, over 600 bales of cotton finalized between Rs 5100 and Rs 5850 and in Sindh, seed-cotton prices were at Rs 2800-3100, per 40 kg, as per dealers.

Related Keywords: China to reduce cotton cultivation, cotton market turned easy, cut in spot rates, depressing cotton trade, effect entire textile chain, fabric markets, Fall in cotton yarn, floor broker, go idle in coming days, imported substantial quanity of cotton, KCA, leading spiiners, million of spindles, seed cotton, stayed away from proceedings

Fall in cotton yarn and fabric markets is depressing cotton trade, as leading spinners stayed away from the proceedings having already imported a substantial quantity of cotton due to which the cotton market turned easy on Friday, said floor brokers.

Despite the fact that stocks are low and there is little hope of any substantial arrival of phutti (seed cotton) during the current season, there are hardly any signs of panic buying.

Brokers said that millions of spindles would go idle in the coming days which would have a snowball effect on the entire textile chain.

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: ahead of PCGA fortnightly report, China plans to cut production, cotton bales, indulged in fresh buying, leading buyer, market sources, Pakistan cotton market, seed cotton, Spinners, spot rates remained unchanged, trading activity improved

With some leading buyers indulged in fresh buying ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly report due shortly, trading activity on the cotton market witnessed improved on Wednesday, according to market sources.

In the ready business, about 4000 bales of cotton changed hands between Rs 4700 to Rs 5600, dealers said.

However, the official spot rate remained unchanged at Rs 5,350. While, in Sindh, prices of seed cotton remained between Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000.

Related Keywords: China, cotton bales, dull market seen, leading spinners kept on sidelines, Pakistan cotton market, process of trading, ready business, reduction in cotton cultivation, seed cotton, spot rate, top growing region

Dull market was seen on the cotton market on Tuesday as leading spinners kept on the sidelines in the process of trading. In the ready business, about 1400 bales of cotton changed hands at Rs 5550, dealers said.

In Sindh, prices of seed cotton at Rs 1600 and Rs 2800, in the Punjab, rates were at Rs 2000 and Rs 3000. The official spot rate remained unchanged at Rs 5,350.

As per the market sources, the spinners were not keen in making fresh deals because they are already facing losses due to high risk of doing business in absence of incentives by the government.

Related Keywords: APTMA, demand remained soft, lackluster trading activity at cotton market, large loss in cotton output this season, lint price not hardened, low quality of cotton fibre, mills facing payment problem, price mostly stable, seed cotton

Trading at cotton market was lackluster as demand remained soft though prices were mostly stable on Thursday. The seed cotton (kapas / phutti) prices in Sindh are said to have ranged from Rs 2000 to Rs 2900 per 40 kgs, while in the Punjab they reportedly extended from Rs 2,000 to Rs 3,000 per 40 kilogrammes according to the quality. Business was reported to have been conducted in moderate quantities.

Related Keywords: buyer and sellers remained confused, Fall in US dollar value against the rupee, falling cotton prices, ginners disposed stocks, import parity of cotton improved, Karachi Cotton Association, mixed price trend, needy spinners seen buying, New York cotton market, rapid change in market behaviour, replenish stock, seed cotton, spot rate

Some needy spinners were seen buying at cotton market due to falling cotton prices on Tuesday to replenish their stocks. Due to short crop, cotton prices should have soared and activity should have been brisk, brokers said. However, the situation continued to be uncertain as buyers and sellers remained confused over the rapid changes in the market behaviour.

Fall in US dollar’s value against the rupee forced many ginners to dispose of their stocks in a hurry because import parity of cotton improved.