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Increase in demand for cotton by mills to build up inventories

Related Keywords: buyers started building inventories, free market mechanism, ginned cotton prices, international market lackluster, KCA, kepp mills running, lint cotton, local yarn prices sluggish, Pakistan cotton market, seedcotton, with Eidul Azha approaching

At the cotton market, buyers have started building their inventories to keep their mills running till the end of this month with Eidul Azha approaching which will be celebrated during the last week of this month. A bullish sentiment has been build up in the ready local market even though the general condition of cotton on the international market is lackluster and the local yarn prices are sluggish.

Decreasing supplies of quality cotton witnessed rise in prices

Related Keywords: booked imported cotton, cotton bales, current crop, decreasing supplies remaining with ginner, domestic textile industry, good quality cotton, increase in domestic cotton prices, kapas, lint price, needy mills, Punjab cotton market, ready cotton market, seedcotton, Sindh market

With decreasing supplies of good quality cotton from the current corp (August 2014/July 2015) remaining with the ginners, a further increase was seen in domestic cotton prices on Thursday. In fact, the price for the very meager seedcotton (kapas / phutti) remaining in the market in Sindh reportedly ranged from Rs 1,800 to Rs 2,400 per 40 kgs, while in the Punjab the seedcotton rates were said to have extended from Rs 2,000 to 2,700 per 40 kilogrammes, as per the quality.

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