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Related Keywords: cotton imports through the land route from India, decline in last year cotton crop, low commodity prices, Pakistani farmers, recommended imposition of regulatory duty, Senate Standing Committee on National Food Security and Research, TCP

The Senate Standing Committee on National Food Security and Research unanimously recommended immediate imposition of regulatory duty on cotton imports through the land route, after being informed by Cotton Commissioner Khalid Abdullah that the decline in last year’s cotton crop resulted due to low commodity prices and APTMA pressurizing to allow duty free import of one million cotton bales from India through the Wagha border which could jeopardize the local cotton crop.

Related Keywords: buyers rushed to reload stock, cotton bales, Cotton market, deals finalized in both old and new stock, demand by mills and spinners, official spot rate, seed cotton price, TCP, trading activity further imporved

As buyers rushed to reload their stock, the trading activity on the cotton market on Tuesday improved further, dealers said. According to the market, the Trading Corporation of Pakistan (TCP) bought approximately 5600 bales of cotton to the mills at Rs 5885.

The official spot rate remained unchanged at Rs 5,500.

In Sindh, low type of seed-cotton prices rose by Rs 100 to Rs 3100 and better quality was up by Rs 50 to Rs 3250, per 40 kg, while in ready session, over 10,000 bales of cotton changed hands between Rs 5100 and Rs 5885, dealers said.

Related Keywords: APTMA, cotton bales, cotton cultivation in Punjab, fix intervention price for cotton, in current season declined, largest cotton producing province, Pakistan cotton production may witness further decline, Pakistan National Food Security and Research, reduction of input cost, right measure not taken, TCP

Cotton Commissioner Dr Khalid Abdullah while speaking at the Senate Standing Committee on National Food Security and Research on Wednesday, said that, cotton cultivation in Punjab the largest cotton producing province is going down by 28 percent in the current season and termed it very alarming. Due to which the cotton production in Pakistan may witness further decline next year.

He further added that the country witnessed 30 percent decline in cotton production in year 2015-16 due to abnormal weather, seed quality, pests, diseases and low prices.

Related Keywords: fine quality lint, ginners raised asking prices, KCA spot rate, meet requirement, mills rush to secure bales, Pakistan cotton market, prices surged, response to high demand from spinners, TCP, Textile Industry

At cotton market as mills rush to secure bales to meet their requirement ginners has raised asking prices in response to high demand from spinners. There is a moved upwards and prices have surged to Rs6,000/maund, said brokers.

The Karachi Cotton Association rose the benchmark spot rate by Rs75 to Rs5,625/maund.

Reeling from supply problems, many spinners rushed to the market and started panic buying to refill their depleting stocks. Volumes were high with traders bought 11,424 cotton bales at the ready counter.

Related Keywords: delay in sale to increase financial losses, inspect cotton at TCPs Pipri Godown, interested parties, invites fresh bids, limit fixed, minimum two hundred bales, offload cotton stock, prebid conference, seventh cotton tender, TCP, Trade Corporation of Pakistan

The Trading Corporation of Pakistan (TCP) has decided to invite fresh bids to offload cotton stocks as any delay in sale of commodity will increase financial losses. . TCP's seventh cotton tender for sale of 84,600 cotton bales will be opened on October 13, 2015. According to the tender document interested parties can inspect cotton on October 12 at TCP's Pipri Godown and later a pre-bid conference will be held in the board room of the TCP office at 3:30 pm.

Related Keywords: decline in cotton yarn prices, domesitc market, Ginners, Pakistan cotton market, TCP, traders facing huge loss

Pakistan ginners not pleased with current direction of price after the Trading Corporation of Pakistan (TCP) starting its procurement plan. Further due to decline in cotton yarn prices traders are facing huge losses.

At the cotton market on Friday, routine trading took place as mills wanted to meet their regular needs. The official spot rate halted further losses, showing no change at Rs 4,650.

The seed cotton prices in Sindh remained unchanged at Rs 1500 and Rs 2400, in Punjab prices were also static at Rs 2000 and Rs 2500, dealers said.

Related Keywords: 10 percent growth, cotton output, cotton prices, declining trend, easy trend, higher phutti arrival, KCA, lint price, lower petroleium price, man-made fiber cheap, Pakistan cotton market, Pakistan textile industry, TCP, world market

With higher phutti (seed cotton) arrivals into the market and an ongoing easy trend on world market has lead to further fall in cotton prices on Thursday.

The Karachi Cotton Association (KCA) cut its spot rates for second consecutive session by Rs100 to Rs4,650 a maund, indicating the mounting pressure on lint prices.

The declining trend in lint prices world over has multiplied pressure on the domestic market .

The Trading Corporation of Pakistan’s (TCP) procurement drive seems to be failing as lint prices have dropped by between Rs300 and Rs350 since its start.

Related Keywords: fair trading activity, Ginners, lint prices, Pakistan cotton market, phutti, slump in cotton yarn market, spinner exporter, TCP, world market

The cotton market in Pakistan on Tuesday witnessed fair trading activity on Tuesday. According to floor brokers, slump in cotton yarn market coupled with falling trend in world markets is keeping pre¬ssure on lint prices.

Other major factors affecting cotton prices are higher arrivals of phutti (seed cotton) but slow off-take of cotton from spinners and exporters.

Related Keywords: buy cotton bales, cotton rates, cotton trading, Ginners, NY cotton futures, Pakistan cotton market, TCP, textile traders

The upward trend in the NY cotton futures helped the rates to inch up amid moderate trading in Pakistan cotton market, according to dealers. While the official spot rate remained unchanged at Rs 5,000.

In the ready session, around 17,000 bales of cotton changed hands at Rs 4800-5300. In Sindh, rates of seed cotton were firm at Rs 2000 and Rs 2050, in Punjab prices of low type gained Rs 100 to Rs 2500 and Rs 2700.

Related Keywords: cheaper rate, cotton economy, cotton yarn exporters, energy and gas outages, finer count yarn, free market mechanism, from India, landed cost, Pakistan local spinning industry, rising import, TCP

Pakistan local spinning industry concern over the rising import of finer counts yarn (above 30 counts) at cheaper rates from India at the time when they are already facing energy and gas outages leading to high cost of doing business.

According to Cotton analyst Naseem Usman, TCP’s intervention help cotton growers get better price but it is encouraging spinning industry to go for imported cheap cotton from across the border.