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Related Keywords: ahead of long closure of Eid Milad ul-Nabi, allowing importing cotton from India, market should have witnessed brisk activity, permission for cotton import restricted activity, PPD, relaxing trading conditions for import, slowed down on Thursday, spinners hoping Plant Protection Department, Trading activity at cotton market, weekend closure

Trading activity at cotton market slowed down on Thursday as spinners were hoping that the Plant Protection Department (PPD) would allow importing cotton from India and also relaxing trading conditions for its import. The market should have witnessed brisk activity ahead of long closure on account of Eid Milad ul-Nabi and weekend closure but report of permission for cotton import from India restricted this activity.

Related Keywords: buyers and sellers remained to the sidelines, cotton bales, facing difficulty in exporting cotton yarn, Karachi Cotton Association, owing to short supply of quality lint, owing to uncompetitive prices, polyester cotton yarn, raised spot rates by Rs fifty, remained slow, rise in cotton prices, Spinners, Trading activity at cotton market

Trading activity at cotton market on Monday remained slow as buyers and sellers remained to the sidelines owing to short supply of quality lint and rise in cotton prices. The Karachi Cotton Association also raised its spot rates by Rs50, to Rs6,800 per maund (around 37kg).

According to market estimates, ginners currently hold 500,000 bales of cotton in order to get best prices are careful in disposing of these stocks.

Related Keywords: China may boost import quotas, despite sharp rise in world market, ginners upset on expectations of better return, KCA, locally prices coming down, mills and spinners, new cotton crop arrivals expected middle June, official spot rate lower, prices failing to maintain firmess, Trading activity at cotton market

Trading activity at cotton market on Friday witnessed prices failing to maintain firmness as mills and spinners kept on the sidelines in the absences of motivating factor, dealers said. Market sources said that main buyers were on the sidelines after news started reaching that new cotton crop arrivals are expected in middle of June.

Heat wave and early sowing helped cotton crop mature early, the ginners who have nearly 200,000 bales with them on expectations of better return were upset.

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.