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Domestic cotton prices remained cotton despite lower turnover

Related Keywords: cotton bales, Ginners, mainly from India, over past several weeks, Pakistan cotton market, PCGA, prices of domestic cotton, projection, remained steady, seed cotton, sharp slow doen in cotton turnover, sizeable short, using imported cotton and yarn

The prices of domestic cotton over the past several weeks have remained steady though there is a sharp slow down in the cotton turnover this year (August 2015/July 2016) of only about 9.8 million bales (155kgs) against the earlier projection of upto 15 million bales.

As per its fortnightly seed cotton (Kapas/Phutti) arrivals report for the current season (2015/2016) till the 15th of February, 2016, the Pakistan Cotton Ginners Association (PCGA) said the ginning factories received 9,687,118 lint equivalent bales.

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