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Related Keywords: adding lint to their inventory, amid uncertain outlook, Barring a few deals finalised, Cotton market, discouraged spinners, KCA, kept to the sidelines, lackluster on Wednesday, leading buyers, slow demand for cotton yarn and grey cloth, some small spinners, spot rate, trading activity, value-added textile sector

The trading activity at cotton market remained lackluster on Wednesday as leading buyers kept to the sidelines amid uncertain outlook. Barring a few deals finalised by some small spinners. Slow demand for cotton yarn and grey cloth from the value-added textile sector discouraged spinners from further adding lint to their inventory.

There are strong indications that the current cotton season could be shorter than normal as very little phutti (seed cotton) has been left behind in the fields.

Related Keywords: cotton market on Saturday, government’s decision, growers and ginners, local cotton already been lifted by spinners, timely decision, trading activity, very little quantity is left, withdraw duty and taxes on lint imports, witnessed slow down

Cotton market on Saturday witnessed slow down in trading activity following the government’s decision to withdraw duty and taxes on lint imports. This is a timely decision because much of the local cotton had already been lifted by spinners and very little quantity is left with growers and ginners.

Though world cotton prices are currently on the higher side, it seems that many buyers would like to exercise the option of imports after the government removed 4 percent customs duty and 5pc sales tax on lint imports.

Related Keywords: arrival of seed cotton, Cotton market, Cotton picking, cotton prices firm, cotton producing districts, flow of buying orders, ginning units, ICAC, KCA, kept rising on strong demand, Pakistan expected to see rise in cotton consumption, spinners and exporters, spot rate, trading activity, world cotton production

As the day progressed trading activity kept rising on strong demand and flow of buying orders from spinners and exporters kept cotton prices firm on Wednesday. Pakistan is expected to be one of the few countries in the world where cotton consumption would rise this year.

Cotton picking has started in most cotton producing districts of Punjab while many ginning units have also stated their operations. In coming days there is a possibility that higher arrival of phutti (seed cotton) could put cotton prices under pressure.

Related Keywords: cotton bales, decline in prices, domestic market, increase in arrivals, KCA, KCE, kept general prices in green zone, Lint market, premium price, remains selective on grade issue, shrinking better grades of lint, slightly high price, some buyers made deals, some deals made for second grade stuff, spot rate, trading activity

Trading activity at lint market remains selective on grade issue while some buyers made deals on slightly high price on shrinking better grades of lint that also kept general prices in green zone. Also some deals were made for second grade stuff on premium price.

Some of the leading buyers in Sindh and Punjab stations during trading session made forward deals on slightly higher price at around Rs6,725 per maund for consolidating inventories, floor brokers said.

Related Keywords: cotton bales, Cotton market, expands on Wednesday, improve the supply of quality lint, increasing flow of phutti, KCA, KCE, kept prices steady, seed cotton, short supply against higher demand, spot rate remain unchanged, trading activity

Trading activity on the cotton market expands on Wednesday with increasing flow of phutti (seed cotton) which will also improve the supply of quality lint. However, short supply against higher demand kept prices steady.

Phutti arrivals from Sindh continue to be higher due to early maturing of crop, therefore much of trading was noted in this variety.However, supplies from Punjab were also improving.

Related Keywords: classes of cotton varieties, Ex Karachi rates also increased, Karachi cotton exchange, official spot rate, or base price was fixed, showed improvement on Monday, spot rates increased Rs fifty per maund, the Karachi Cotton Association, trading activity

Trading activity at the Karachi Cotton Exchange showed improvement on Monday, while spot rates increased Rs50/maund to Rs6,350/maund (37.324kg) and Rs6,805/40kg. Ex-Karachi rates also increased to Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded eight transactions of around 4,000 bales of the new crop from Sindh and Punjab at a price of Rs6,350 to Rs6,500/maund.

Related Keywords: cotton growing areas, Cotton market, due to monsoon rains, grade issue at lint market, Karachi cotton Association, Karachi cotton exchange, leading buyers made cautious deals, only single transaction recorded, remains dull, spot rate firm, spot rate intact, trading activity

Trading activity at the Karachi Cotton Exchange on Thursday remains dull due to monsoon rains in the cotton growing areas of Sindh and Punjab with only single transaction of 200 bales of Sanghar at Rs6,300/maund recorded in the cotton market.

The spot rates remained firm at Rs6,300/maund (37.324kg) and Rs6,752/40kg.Ex-Karachi rates also stood unchanged at Rs6,435/maund and Rs6,897/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

According to an analyst, the trading activity might remain slow in the coming days, as well, as more rains are predicted.

Related Keywords: cotton bales, cotton production, Karachi cotton exchange, remain slow, spot rates remained unchanged, three transaction changed hands, trading activity

Trading activity at the Karachi Cotton Exchange on Tuesday remain slow, while spot rates remained unchanged. The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg.

Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE three transactions amid prices of Rs6,700 to Rs6,800/maund changed hands. Fort Abbas 400 bales were sold at Rs6,940/ maund, Jalalpur’s 6,800 bales were exchanged at Rs6,800/maund while Rahimyar Khan’s 244 bales at Rs6,700/maund.

Related Keywords: amid strong physical prices, better grades of lint remained in focus, buyers made deals for better second grade of lint, Karachi cotton exchange, meet domestic as well as international commitments, remain slow, spot rates remained unchanged, trading activity, volumes remained moderate, yarn and cloth

Trading activity at the Karachi Cotton Exchange on Tuesday remain slow, as better grades of lint remained in focus amid strong physical prices. Traders said that the volumes remained moderate as buyers made deals for better and second grade of lint to meet their domestic as well as international commitments of yarn and cloth.

Spot rates remained unchanged. The spot rates remained unchanged at Rs6,700/maund (37.324kg) and Rs7,180/40kg. Ex-Karachi rates also stood firm at Rs6,835/maund and Rs7,325/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Related Keywords: cotton bales, Cotton market, expectation of attractive profit, ginners raised asking prices, in anticipation of getting better rates, official spot rate remain unchanged, slow pace, trading activity

At cotton market, trading activity took a slow pace on Tuesday as the ginners raised asking prices in anticipation of getting better rates and in expectation of attractive profit in the coming days. The official spot rate also remained unchanged at Rs 6375, dealers said.

In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg.

According to market sources, trading activity came under pressure since the week started in the absence of fresh leads.