Pakistan Cotton Market Updates: October 28, 2015


Today KCA Spot Rate – 12:35 PM – October 28, 2015

Today Karachi Cotton Association (KCA) spot price unchanged at (New Crop 2015 -16) 5400 per maund Ex- Gin

Sindh Cotton Market Overnight Commentary – 11:55 AM – October 28, 2015

The Sindh cotton market was a bit increased yesterday 27/10/2015. Cotton  (New Crop 2015-16) was traded at an  idea price of Rs 4900- 5625 per maund, and Seed cotton (phutty) new crop 2015-16 at Rs.2200 – 2900 per maund.

Punjab Cotton Market Overnight Commentary – 11:45 AM – October 28, 2015

Yesterday – 27/10/2015: The Punjab market was increased. Cotton (Crop 2015-16) was traded at an idea price of  between the ranges of Rs. 4975 – 5700 per maund and Seed cotton (phutty) new Crop 2015-16 @Rs.2400 – 3200 per maund.

Textile sector slams 10pc duty on yarn imports – 11:00 AM – October 28, 2015

The value-added textile sector on Monday slammed the imposition of 10 per cent Regulatory Duty (R/D) on import of cotton yarn and fabric from India on the grounds that a case of anti-dumping filed by spinners’ body is already pending before the National Tariff Commission (NTC).Leaders of associations of hosiery, readymade garments, knitwear and sweaters, cotton fashion apparel, etc pointed out that since the NTC was hearing a case of anti-dumping against Indian cotton and yarn, the government could not unilaterally take a decision of imposing 10pc R/D.The leaders said that issues related to trade, tariffs and safeguards fall in NTC’s domain and the government decided to restrict cotton import without consulting the commission. Import of Indian fabric is already banned as per import policy of 2012-15 but a 10pc R/D had been also imposed on import of fabrics from India, the leaders said.

NYBOT Cotton Future Contracts Closing – 09:50 AM – October 28, 2015

As on 27th October 2015 (1 USD = 105.00 PKR)

Month C/lbs PKR / maund
Dec 15 62.34 5386.10
Mar 16 62.16 5370.55
May 16 62.73 5419.80
Jul 16 63.06 5448.31
Dec 16 62.82 5427.57