Pakistan Cotton 2Market Updates: November 24, 2015

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Textile exports decline 7pc in July-Oct– 02:55 PM – November 24, 2015

Exports of textile and clothing declined by 6.89 per cent to $4.271 billion during the first four months (July-Oct) of 2015-16 from $4.587bn in the same period last year, Pakistan Bureau of Statistics data.On a monthly basis, the exports dropped by 10.63 per cent to $1.051 billion in October 2015 from $1.176bn in the same month last year.Exports of value-added textile sector, after increasing for three consecutive months, also witnessed a negative growth. The sector exports grew 3pc in July-Sept 2015-16.During October 2015, readymade garments exports fell by 0.36pc, knitwear 9.50pc and bed wear 8.92pc.
Cotton yarn exports fell 28.78pc and cotton cloth dropped by 1.79pc. Towels and tents exports fell by 18.14pc and 14.21pc, respectively.Exports of carded cotton plunged by 99.27pc, yarn (other than cotton) by 39.11pc, tents and raw cotton by 52.92pc.


International Cotton Market Report– 02:20 PM – November 24, 2015

International Cotton Market Report


Today KCA Spot Rate– 01:40 PM – November 24, 2015

Today Karachi Cotton Association (KCA) spot price increased  by 50 at (New Crop 2015 -16) 5350 per maund Ex- Gin


Sindh Cotton Market Overnight Commentary – 01:35 PM – November 24, 2015

The Sindh cotton market was also almost stable yesterday 23/11/2015. Cotton (New Crop 2015-16) was traded at an idea price  of between Rs 4400- 5650 per maund, and Seed cotton (phutty) new crop 2015-16 between Rs.2200 – 2850 per maund.


Punjab Cotton Market Overnight Commentary – 01:35 PM – November 24, 2015

Yesterday – 23/11/2015: The Punjab market had 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 1600 – 3250 per maund.


NYBOT Cotton Future Contracts Closing – 10:30 AM – November 24, 2015

As on 23rd November 2015 (1 USD = 105.00 PKR)

Month C/lbs PKR / maund
Mar 16 61.60 5322.17
May 16 62.48 5398.20
Jul 16 63.13 5454.36
Dec 16 63.58 5493.23
Mar 17 63.72 5505.33

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