Pakistan Cotton 2015-16 Market Updates – 22nd June ‘2016

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Today KCA Spot Rate –01:45 PM – June 22, 2016

Today Karachi Cotton Association (KCA) spot price increased  by 100 at (New Crop 2015 -16) 5600 per maund Ex- Gin.


Punjab Cotton Market overnight Commentary –11:50 AM – June 22, 2016

Yesterday – 21/6/2016: The Punjab market was increased, due to rise in demand   and low availability  of  cotton stock, and as  more rains  are  expected, there would be an increase  of  buying activities too. New Cotton (Crop 2016-17) traded at an idea price of  Rs. 6100 per maund & Old Cotton (Crop 2015-16) traded at an idea price between the ranges of Rs. 5450 – 6100 per maund but Seed cotton (phutty) Crop 2015-2016, price was not available.


Sindh Cotton Market overnight Commentary –11:40 AM – June 22, 2016

The Sindh cotton market was increased yesterday – 21/6/2016,  due to demand in rise & because of low availability of cotton stock, besides, as more  rains are expected,   buying activities would be increased. Cotton new (Crop 2016-17) traded at an idea price of between the ranges of Rs. 5990 – 6000 per maund  while prices for the  old (Crop 2015-16) was not available. New Seed cotton (phutty) crop 2016- 17 was traded at an idea price of between the ranges of Rs. 3100 – 3300 per maund.


Engro Fertilizers CEO says Rs390 cut expected –10:00 AM – June 22, 2016

The government’s concessions to the fertilizer sector and its all-out support for agriculture will result in a cut of Rs390 per bag in the price of urea, said Engro Fertilizers CEO Ruhail Mohammed.
“Yes, fertilizer prices are being reduced by around Rs390/bag, which is a 20% cut over the prevailing prices,” said Mohammed in a company statement. “Of the total price cut, Rs50 is being borne by the manufacturers, whereas the remaining will come from reduction in GST and subsidy from the government,” added the statement.


NYBOT Cotton Future Contracts Closing –08:20 AM – June 22, 2016

As on 21 June 2016 (1 USD = 104.30 PKR)

Month C/lbs PKR / maund
Dec 16 64.39 5526.13
Mar 17 65.03 5581.06
May 17 65.50 5621.39
Jul 17 65.96 5660.87
Dec 17 65.92 5657.44

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