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Related Keywords: cotton production, falling cotton stock, ginners raise rates, lint cotton, Pakistan cotton market, seed cotton rate, Spinners, spot rate

Falling stock of cotton made the Pakistan cotton market mind-numbing as the ginners raised rates as a consequence of the dearth. According to sources, the official spot rate was unchanged at Rs 5450, dealers said. In the ready session, only 2000 bales changed hands between Rs 4350-5700Seed cotton rates in Sindh were unchanged at Rs 2000-2600 and in Punjab prices registered at Rs 2400-3100.

Related Keywords: Ashik Composite Textile Mills, Bangladeshi spinners, cotton trade, demand warehousing facility, ensure timely sourcing, reduce lead time, reexport cotton, sell cotton to local cotton importers, Spinners, to other destination, to store cotton

Bangladeshi spinners demand introduction of warehousing facility for cotton trade to reduce lead-time and ensure the timely sourcing of the fibre. Under the facility, merchants from different countries will store cotton at Chittagong port warehouses to sell out their cotton to the local cotton importers and spinners. The merchants can also re-export the cotton from the port to other destinations.

The system is already in use by the Chinese government, which is the largest importer of cotton.

Related Keywords: all future contract, cotton yarn, fall in price, finished higher, ginners holding stock, KCA, Lower level trading activity, New York cotton market, remained steady, Spinners, spot price, witnessed at cotton market, world cotton market

Some trading activity at the lower level was seen at cotton market on Tuesday as buyers were mostly reluctant anticipating fall in prices in the coming days.

However, spinners on their part were also cautious as they are not getting right price for cotton yarn as the market is sluggish and prices are under pressure. Trading remained restricted and limited as some needy mills lifted small lot deals,.

Ginners, who are holding very little stocks of around 240,000 bales, also seem to be in no hurry to dispose of their stocks at current price

Related Keywords: cotton prices on rise, dull trading, dwindling cotton stocks, Ginners, KCA. spot rate, Pakistan cotton market, quality lint cotton, Spinners

Dull trading was witnessed on the cotton market on Friday as ginners were reluctant to sell lint cotton at prevailing prices. According to brokers, dwindling cotton stocks, particularly of quality lint, are a major factor for slow trading. As the current season is approaching to an end, the cotton stocks in the country have declined below 250,000 bales.

The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, around 2,000 bales of cotton changed hands between Rs 4900 and Rs 5500 (conditional).

Related Keywords: cotton bales, official spot rate, Pakistan cotton market, quality lint, selective buying witnessed, Spinners

Pakistan cotton market witnessed selective buying again on Friday amid tight supply of quality lint. Only needy buyers were seen covering their immediate requirement.

In the ready session, around 7,000 bales of cotton changed hands between Rs 4400 and Rs 5200. The prices of seed cotton in Sindh were at Rs 1900 and Rs 2350 and in Punjab rates were at Rs 2000 and Rs 2650. While, the official spot rate remained unchanged at Rs 5000

Related Keywords: continue production, during commodity off season, Karachi cotton exchange, Pakistan local cotton market, rushed to develop inventories, short supply of quality lint, Spinners, spot rate, textile mill owners, witnessed surge in trade turnover

Local cotton market in Pakistan witnessed surge in trade turnover by 20 percent to 15,200 bales (of 155 kilogram) as spinners and many of the textile mill owners rushed to develop inventories to keep continue their production during the commodity’s off-season (March-June) on fears of short supply of quality lint, said a dealer on Friday.

Those, who have yet not built inventories with prime quality cotton, are acquiring it ahead of the off-season, said a broker at Karachi Cotton Exchange, adding the size of unsold cotton stock stood around 1.1 million bales in the current season.

Related Keywords: cotton consumption, cotton prices, cotton stocks, Karachi Cotton Association, Pakistan textile industry, Spinners

Strong buying from spinners and some exporter moved up cotton prices by Rs50 to Rs100 on Thursday at the Pakistan cotton market. Many millers
rushed to replenish their stocks at current price level in the wake of higher cotton consumption figures released by the ginners’ body.

Much of the activity, however, remained confined to quality lint. As the current season is drawing to a close, quality lint is in shortage, hence expensive.

Related Keywords: additional import duty, export earning, government proposal, having integrated units, import duty on cotton yarn, increase cost of doiing business, Pakistan Apparel Forum, Pakistan value added textile sector, Spinners

Pakistan already has 5 percent import duty on import of cotton yarn with the government’s proposal of additional import duty the value added textile sector will be unable to import cotton yarn from India, as it will greatly increase their cost of doing business.

Textile value added sector flayed government’s proposal imposing additional duty on import of cotton yarn from India.

Related Keywords: cotton prices, cut in Chinese import quota, Karachi Cotton Association, lint cotton, Pakistan cotton market, phutti arrival, slow demand for cotton yarn, Spinners, world cotton markets

Higher arrivals of phutti (seed cotton) coupled with slow demand for cotton yarn kept spinners to the sidelines. While prices moved lower on the cotton market yesterday in Pakistan.

Lint prices are coming under more pressure with phutti arrivals gaining momentum with each passing day. On ready trading prices dropped by Rs150 to Rs200 per maund, brokers said.

Related Keywords: cost-effective, Cotton market, cottonseed, fine grade, ginneries, KCA, Mills, Pakistan cotton market, Punjab traders, range bound trading, Spinners

Growing demand for fine grades was seen on cotton market amidst range bound trading, while prices of all grades remained cost-effective on cotton market this Monday.