Pakistan Cotton Market Updates: November 19, 2015

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International Cotton Market Report– 01:00 PM – November 19, 2015

International Cotton Market Report


Today KCA Spot Rate– 12:30 PM – November 19, 2015

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


Sindh Cotton Market Overnight Commentary– 11:50 AM – November 19, 2015

The Sindh cotton market was almost stable yesterday: 18/11/2015. Cotton (New Crop 2015-16) was traded at an idea price of between  Rs 4350- 5650 per maund, and Seed cotton (phutty) new crop 2015-16 between Rs.2000 – 2950 per maund.


Punjab Cotton Market Overnight Commentary– 11:40 AM – November 19, 2015

Yesterday – 18/11/2015: The Punjab market was almost stable. Cotton (Crop 2015-16) was traded at an idea price between the ranges of Rs. 5350 – 5600 per maund and Seed cotton (phutty) new Crop 2015-16 @Rs 1700 – 3175 per maund.


Over 8 million bales of cotton reach ginneries– 11:20 AM – November 19, 2015

Seed cotton (Phutti) equivalent to 8.019 million (8,019,613) bales have reached ginneries across the country till November 15, registering a shortfall of 23.17 percent compared to corresponding period of last year. According to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued, here on Wednesday, out of total arrivals, Phutti equivalent to 6,924,395 bales has undergone the ginning process. The arrival at Punjab ginneries was recorded at over 4.65 million (4,653,857) bales recording a percentage decrease of 33.38 per cent compared to corresponding period of last year. Arrival at ginneries in Sindh was recorded at 3.36 million or 3,365,756 bales showing a percentage decrease of 2.52 per cent. Textile Mills have purchased over 5.5 million or 5,518,065 bales, and exporters have bought 343,155 bales. Total sold out bales were calculated at 5.86 million or 5,861,220 bales.


NYBOT Cotton Future Contracts Closing – 10:00 AM – November 19, 2015

As on 18th November 2015 (1 USD = 105.00 PKR)

Month C/lbs PKR / maund
Mar 16 62.96 5439.67
May 16 63.64 5498.42
Jul 16 64.04 5532.98
Dec 16 64.07 5535.57
Mar 17 64.32 5557.17

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