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Related Keywords: avoided bulk buying, drop in price of cotton, Karachi Cotton Association, Karachi cotton exchange, local cotton markets in Pakistan, official rate unchanged, one month low, slowdown in sales of cotton yarn, textile mill owners

Local cotton markets in Pakistan witnessed drop in price of cotton to one month low at Rs4,800/maund (37.324 kilograms) as textile mill owners avoided bulk buying on Thursday.

The Karachi Cotton Association kept its official rate unchanged for the third consecutive working day at Rs4,500/maund. It reported maximum price at Rs4,780/maund from Rs4,825/maund a day ago.

Traders bought 9,400 bales at Rs4,550 to 4,780/maund as compared to 10,200 bales bought at Rs4,500 to Rs4,825/maund a day ago, the Association added.

Related Keywords: continued day to day buying, cotton buying, depending on everyday need, KCA, Pakistan cotton market, remained stable, spot rate unchanged, textile mill owners, trade turnover stable

Cotton buying remained stable with textile mill-owners continuing to make day-to-day buying depending on their everyday need, a dealer said on Wednesday. At the local market the trade turnover of cotton maintained stability at 3,500 bales (155 kilogram each).

According to brokers at the Karachi Cotton Exchange, medium to small size cotton yarn manufacturers, on an average, are buying up to 5,000 bales per day, while some of the big textile mill-owners are also in the markets for selling the commodity from their reserves built at a comparatively cheaper rate.

Related Keywords: all kinds of cotton, Karachi cotton exhange, offered prices attractive, Pakistan local market, renewed demand, spot price, textile mill owners, trade turnover increased

Pakistan local markets witnessed renewed demand in almost all kinds of cotton after traders found the offered prices attractive. Trade turnover of cotton increased doubled to 6,000 bales (of 155 kilogram each), as several textile mill-owners found the offered price attractive to have bought the commodity, said a dealer at Karachi Cotton Exchange on Tuesday.

A few exporters took positions in low quality cotton.

The Karachi Cotton Association kept its official rate unchanged for the third working day at Rs5,450/maund.

Related Keywords: Karachi cotton exchange, leftover stock of commodity low, next harvesting delayed, Pakistan local cotton market, price surged five month high, prime quality cotton, remained unchanged, spot rate, taking fresh postion, textile mill owners, to buy cotton bales

Prime quality cotton price surged to five-month high at Rs5,340 per maund (37.324 kilograms) at the local markets on Thursday as many textile mill-owners were taking fresh positions in prime quality cotton because of two reasons; one the leftover stock of the commodity was low. Secondly, the next harvesting of the commodity is delayed by two to four weeks.

According to Naseem Usman, a broker at the Karachi Cotton Exchange, the increase in cotton price is seen following a surge of Rs100 per 40kg in phutti (seed cotton).

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: buying cotton, cotton dealers, Karachi cotton exchange, Pakistan cotton market, prime quality cotton, textile mill owners, world benchmark cotton market

As several textile mill owners have resumed buying cotton on conflicting reports that the supply of the commodity remained low during the last two weeks. According to cotton dealers, trade turnover of cotton spiked four-fold to 15,800 bales (of 155 kilogram each).

According to Naseem Usman, a broker at Karachi Cotton Exchange, the next fortnightly production report, which is scheduled to be unveiled tomorrow {Wednesday}, may reveal lower production in the last two weeks.

Also the country may face shortage of prime quality cotton, if not of poor qualities.

Related Keywords: buying quality cotton, cotton bales, cotton trading, Indian yarn, Karachi Cotton Association, local trader to buy, Pakistan coton market, raw cotton, textile mill owners

Cotton trading in Pakistan remained slow as textile mill owners made select buying in quality cotton. However, the Karachi Cotton Association’s (KCA) spot rates remained unchanged.

Floor brokers said that the textile industry, already facing power and gas shortage, was perplexed by Indian yarn and raw cotton finding their way into the domestic market. Local traders are likely to buy the cheaper Indian cotton. The situation kept trade activities slow at local markets.