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Related Keywords: current major issue, global cotton prices, Import prospects are also diminishing, KCA, midst of short supply of quality lint, prices remaining steady, risen considerably, rising demand, slow trading activity, spot rate, Textile Industry, witnessed at cotton market

Slow trading activity witnessed at the cotton market with prices remaining steady in the midst of short supply of quality lint which is the current major issue with rising demand from textile industry.

Although many exporters of home textiles who participated in the recently concluded Heimtextil, Frankfurt trade fair returned with good number of orders from European, US and Middle Eastern buyers but this did not reflect in cotton trade.

Import prospects are also diminishing because India itself is faced with short crop while global cotton prices have also risen considerably.

Related Keywords: cotton bales, Cotton market, cotton price remained firm, demand for quality lint, Karachi cotton exchange, slow trading activity, unchanged spot rates

At the Karachi Cotton Exchange on Thursday, slow trading activity was witnessed also the spot rates remained unchanged at Rs7,000/maund (37.324kg) and Rs7,502/40kg.

Ex-Karachi rates also stood firm at Rs7,145/maund and Rs7,657/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

The cotton market recorded only 10 transactions of around 1,500 bales at a price of Rs6,300 to Rs7,500/maund. Notable transactions were recorded from Daharki, Ghotki, DG Khan, Jahanian, Faqirwali, Haroonabad and Bahawalnagar.

Related Keywords: affect pricing, cotton bales, cotton growing areas, entered in the market, Ex Karachi rates, increased demand, Karachi cotton exchange, new crop, slow trading activity, slowed down the arrivals, spot rates increased, two station of Punjab

At the Karachi Cotton Exchange, slow trading activity was witnessed on Wednesday, while spot rates increased to Rs6,300/maund (37.324kg) and Rs6,752/40kg.

Ex-Karachi rates also increased to Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded trade of 1,400 bales from six stations in between Rs6,300/maund to Rs6,520/maund.

Trade was recorded from Shahdadpur, Mirpurkhas, Jamsabad and Golarchi in Sindh, while two stations of Punjab, Chichawatni and Burewala, also entered in the market with the new crop.

Related Keywords: Cotton market, cotton prices touched a record level, Karachi Cotton Association, most deals finalised on high rates, prices tended to move higher, short supply of quality cotton, slow trading activity, spot rates unchanged, widening gap between production and consumption, witness on Saturday

Slow trading activity witness on Saturday at cotton market due to short supply of quality cotton. However, prices tended to move higher and most deals were also finalised on high rates.

Due to strong demand, cotton prices touched a record level of Rs7,300 per maund (around 37 kilograms). Phutti prices also rose to a seasonal high of Rs3,850 per 40kg. Limited stocks of around 900,000 bales held by ginners were insufficient to see the season through because the next crop is not expected before June or July.

The Karachi Cotton Association left its spot rates unchanged.

Related Keywords: cotton yarn in domestic market, failed to attract buying from spinners, financial crisis faced by textile industry, foreign buying slow, KCA, kept prices steady, major factor affecting trading activity, Pakistan cotton market, sharp fall in cotton crop production, slow trading activity, sluggish demand, spot rate

Pakistan cotton market failed to attract buying from spinners on Saturday due to sharp fall in cotton crop production leaving the market with slow trading activity. The slow activity kept prices steady at overnight level and sluggish demand from spinners is expected to continue even for the rest of the season, according to floor broker.

The Karachi Cotton Association (KCA) spot rates also remained steady at overnight level.