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Related Keywords: cotton arrival, Cotton market, Karachi cotton exchange, kept trading activity brisk, needy spinners, pushed lint prices higher, rising trend in prices, second consecutive session on Thursday, selling pressure checked, some exporters, spot rate, strong demand, trading session

Strong demand from needy spinners and some exporters pushed lint prices higher and kept trading activity brisk on the cotton market for the second consecutive session on Thursday. Consequently, during second half of the trading session selling pressure checked the rising trend in prices.

However, by and large buyers remained in the forefront and tried to get hold of quality lots. As a result prices moved higher by Rs50 in ready trading. The official spot rates were also revised higher by Rs50 to Rs6,100 per maund.

Related Keywords: active trading prevailed at KCE, cotton bales, Cotton market, couple of big deals, indicated spinners keen to get maximum stocks from local source, KCA, pushed Cotton prices to a new seasonal record high, replenish their stocks, spot rate remained firm, strong demand, Sustained demand from needy spinners, Tight supply of quality cotton

Sustained demand from needy spinners to replenish their stocks over tight supply of quality cotton and strong demand pushed Cotton prices on Wednesday to a new seasonal record high. There were a couple of big deals which indicated spinners are keen to get maximum stocks from local source.

However, active trading prevailed at the Karachi Cotton Exchange on Wednesday, while spot rates remained firm.

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.

Related Keywords: cotton bales, India cotton price stable, meet requirements, official spot rate, positive factor causing rise in buying cotton, ready business, resulted in higher polyester yarn price, rise in oil prices, spinners doing urgent buying of quality lint, strong demand, Trading activity at cotton market, witnessed improvement

Trading activity at cotton market on Wednesday witnessed further improvement with spinners doing some urgent buying of quality lint to meet requirements, dealers said. Besides, rise in oil prices resulted in higher polyester yarn prices by Rs 2 per kg, this is a positive factor which is causing rise in buying of cotton.

The official spot rate unchanged at Rs 5,200 while the Punjab prices were at Rs 2400 and Rs 3000. In the ready business, over 6,000 bales of cotton changed hands between Rs 5000 and Rs 5550, dealers said.

Related Keywords: indulged in forward purchase, mills and exporters, official spot rate unchanged, Pakistan cotton market, prices higher, seed cotton prices, strong demand, uncertainty about size of cotton production

The uncertainty about the size of cotton production with strong demand with some needy mills and exporters indulged in forward purchase kept prices higher at Pakistan cotton market on Wednesday.

In the ready business, over 20,000 bales of cotton changed hands between Rs 4600 and Rs 5450, while in Sindh, seed cotton prices were higher by Rs 100 to Rs 2600 and Rs 2800 and in Punjab prices gained Rs 100-300 to Rs 2600 and Rs 3100, dealers said. But the official spot rate remained unchanged at Rs 5200.

Related Keywords: directly impacted by demand, domestic apparel manufacturers, EU and USA, first quarter, foreign retailers, Knit garment exports. Generalised Scheme of Preferences Plus, Sri Lankan apparel industry, Sri Lankan leading textile manufacturer, strong demand, Textured Jersey Lanka PLC, total apparel exports, witnessed growth rate

Sri Lankan apparel industry has witnessed 9.8 percent growth rate as strong demand was sustained from the EU and the USA in the first quarter of 2015. The apparel export to the US and EU increased by 8.8 percent and 10.9 percent respectively.

Over the year 2014-15 the total apparel exports from Sri Lanka accounted for 89 percent to the US and EU.

Textured Jersey Lanka PLC (TJL), Sri Lankan leading textile manufacturer said that the company is also directly impacted by demand from domestic apparel manufacturers and foreign retailers.