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)
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