Pakistan Cotton Market Updates : November 16, 2015

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Cotton Alert 2015 – 16 – 02:20 PM – November 16, 2015

Hyderabad – Sindh Phutty traded at idea price 2100 – 2600


Today KCA Spot Rate – 12:40 PM – November 16, 2015

Today Karachi Cotton Association (KCA) spot price increased  by 50 at (New Crop 2015 -16) 5300 per maund Ex- Gin


International Cotton Market Report – 12:20 AM – November 16, 2015

International Cotton Market Report


Sindh Cotton Market Overnight Commentary – 11:50 AM – November 16, 2015

The Sindh cotton market was high on Saturday 14/11/2015. Cotton idea price (New Crop 2015-16) was traded at Rs 5250- 5350 per maund, and Seed cotton (phutty) new crop 2015-16 between Rs.2200 – 2900 per maund.


Punjab Cotton Market Overnight Commentary – 11:40 AM – November 16, 2015

Saturday – 14/11/2015: The Punjab market was almost stable. Cotton (Crop 2015-16) was traded at an idea price between the ranges of Rs. 5420 – 5600 per maund and Seed cotton (phutty) new Crop 2015-16 @Rs 1800 – 3050 per maund.


Gas supply to industrial sector curtailed – 10:40 AM – November 16, 2015

The gas quota for the industrial sector has been cut to 25 percent from 33 here on Friday.General Manager Sales Sui Northern Gas Pipelines Limited (SNGPL) has informed that in view of increase in city load and with decrease in ambient temperature, gas supply for textile processing and hosiery sector has been curtailed with immediate effect.
On the other hand, the industrialists have complained of low gas pressure and said that they would be unable to run their machines with the available pressure. Some smaller units are also actively considering to kick out the daily wages as the industrial activity would be reduced to minimum due to the non-availability of gas probably from November 15, 2015


NYBOT Cotton Future Contracts Closing – 11:30 AM – November 14, 2015

As on 13th November 2015 (1 USD = 105.00 PKR)

Month C/lbs PKR / maund
Dec 15 61.68 5329.08
Mar 16 61.99 5355.86
May 16 62.67 5414.61
Jul 16 63.08 5450.04
Dec 16 63.29 5468.18

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