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Related Keywords: cotton, cotton trade would remain slow, influenced some needy spinners, Karachi Cotton Association, pushes cotton prices higher, raised its spot rates by Rs fifty per maund, rising demand, rushed to replenish their stocks, short supply, Shortage of quality cotton, till arrival of next crop

Rising demand and short supply pushes cotton prices higher on Thursday. However, there is a shortage of quality cotton which influenced some needy spinners who rushed to replenish their stocks, brokers said. The Karachi Cotton Association also raised its spot rates by Rs50 per maund.

Related Keywords: against limited stocks, Cotton prices surged, cotton stocks are reducing day by day, ginners striving to get highest prices, Indian cotton prices recorded, Karachi cotton exchange, short supply, slack demand from mills, slower exports, spot rates remained unchanged, strong buying from spinners

Cotton prices surged on Wednesday on the back of strong buying from spinners and short supply. At Karachi Cotton Exchange, spot rates remained unchanged.

The spot rates stood firm at Rs6,750/maund (37.324kg) and Rs7,234/40kg. Ex-Karachi rates also remained intact at Rs6,885/maund and Rs7,379/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Related Keywords: Cotton prices remain firm, ginners reluctant to sell at current rates, KCA, Prices being quoted at around Rs seven thousand per maund, short supply, spot rates were firm at overnight level, steady flow of buying, trading remained around quality cotton, was strong demand for quality cotton

Cotton prices remain firm on Friday with steady flow of buying. Prices were being quoted at around Rs7,000 per maund (around 37 kilograms), brokers said. However, much of the trading remained around quality cotton which was in short supply.

There was strong demand for quality cotton, but spinners were disappointed as ginners were reluctant to sell at current rates.

The KCA’s spot rates were firm at overnight level.

Apart from local dynamics, the domestic market is also tracking an uptrend in leading cotton markets.

Related Keywords: China, conditional import of cotton from India, cotton prices dropped, declining trend in global market, forced buyers to keep on the sidelines, KCA, Process of modest trading activity, seed cotton price, short supply, spot rate lower

In the process of modest trading activity, cotton prices dropped on Tuesday. According to the market sources, conditional import of cotton from India and declining trend in the global market, particularly in China forced buyers to keep on the sidelines. The official spot rate was lower by Rs 50 to Rs 6250.

In Sindh, seed cotton prices were at Rs 2600-3250 while in Punjab, phutti rates were at Rs 2800 and Rs 3500, as per 40 kg, dealers said.

Related Keywords: cotton belt, Hovering fears of further rise in rates, make forward buying, official spot rate went up, Pakistan cotton market, propelling mills and spinners, Punjab phutti prices gained, sharp rise in rates, short supply, Sindh seed cotton prices higher, sporadic rains

Sharp rise in rates seen on the cotton market on Tuesday, due to short supply and sporadic rains in some parts of cotton belt. In Sindh seed cotton prices were higher by Rs 50 to Rs 3250 and Rs 3400 and in Punjab, phutti prices gained Rs 100 to Rs 3250 and Rs 3400 per 40 kg, respectively, dealers said.

The official spot rate also went up by Rs 150 to Rs 6,600.

According to cotton analyst, Naseem Usman, mills and spinners have no choice just to buy cotton even at higher prices. Hovering fears of further rise in the rates is propelling mills to make forward buying.

Related Keywords: CAB, Cotton imported from Australia, cotton production, especially in Gujarat, Gujarats benchmark cotton variety, jump in price, largest cotton growing state, Lift in cotton prices, lower acreage, new season arrival, scanty rainfall, Shankar-6, short supply, slower pace of sowing, Sowing affected in the wake of less rainfall

Lift in cotton prices seen due to short supply and a slower pace of sowing. Another factor responsible for the rally in prices is scanty rainfall, especially in Gujarat, the largest cotton growing state in India. The state has a rain deficit of more than 50% in the first week of July. Sowing has been affected in the wake of less rainfall. Cotton acreage is likely to fall this year.

The Cotton Advisory Board (CAB) under the Union textile ministry had projected cotton production of 101 lakh bales for 2015-16 for Gujarat.

Related Keywords: cotton bales, Cotton market, due to panic buying, expectations of better rates in near future, ginners interested in present selling, official spot rate picked up, persistent demand for quality lint, prices gain further, prices touch seasons high rate, short supply

On the back of short supply and persistent demand for quality lint, prices has gain further at the cotton market on Thursday. In the recent session, the prices touched the season's high rate at Rs 5750 due to panic buying, dealers said.

According to market sources, short supply helped the rates to go up further as the ginners were interested in present selling on expectations of better rates in the near future. The interesting thing is that the ginners have not much quality lint but they are to hold back, not making deals in a big ways.

Related Keywords: caused price flare up, cotton bales, Cotton market, improved buying by mills and spinners, increase in booking orders by the foreign countries, Indian cotton export, official spot rate picked up, rates may go up in coming days, short supply, strong demand, witnessed rise in cotton prices sharply

The cotton market on Wednesday in the process of improved buying by mills and spinners, witnessed rise in cotton prices sharply, dealer said. According to market sources, short supply and strong demand by mills and spinners caused price flare-up. It is expected that the rates may go up in the coming days.

The official spot rate also picked up Rs 50 to Rs 5400 while in Punjab, rates of phutti were at Rs 2800-3150. In ready business 8000 deals of cotton bales finalized at Rs 5300-5750, dealers said.