Pakistan Cotton Market Updates – 28th July ‘2016

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Ministry estimates Rs 22 billion loss to cotton growers during 2015-16 –01:40. PM – July 28, 2016

Ministry of Textile Industry has estimated a loss of Rs 22 billion to cotton growers during 2015-16, after ginners and downstream industry denied them due price, it is learnt. Official sources revealed to Business Recorder that due to lack of quality-based pricing system and non-practising of the cotton standardisation system Pakistani raw cotton is being traded at an average discount of 7 cents per pound in the international market.


Today KCA Spot Rate –12:40. PM – July 28, 2016

Today Karachi Cotton Association (KCA) spot price increased  by 100 at (New Crop 2015 -16) 6450 per maund Ex- Gin.


Punjab Cotton Market overnight Commentary –12:10. PM – July 28, 2016

The Punjab market – yesterday – 27/7/2016: was rise, due to rise in demand   and because of low availability  of  cotton stock in the international & domestic markets, and as more rains  are  expected, there would be an increase  in  buying activities too. New Cotton (Crop 2016-17) price was traded at an idea price of between Rs. 6900  per maund while prices for the  old (Crop 2015-16)  was traded at an price were not available. New Seed cotton (phutty) (Crop 2016-17) traded at an idea price of between the ranges of Rs. 2900 – 3350 per maund but price for old Crop 2015-2016,  was not available.


Sindh Cotton Market overnight Commentary –12:05. PM – July 28, 2016

The Sindh cotton market had been rise yesterday – 27/7/2016,  but  buying activities had gone up, due to demand in rise & because of low availability of cotton stock in the  international & domestic market.  Cotton new (Crop 2016-17) traded at an idea price of between the ranges of Rs. 6650 – 6700 per maund  while prices for the  old (Crop 2015-16) traded at an idea price of between the ranges of Rs. 5800 – 6200 per maund. Seed cotton New (phutty) crop 2016- 17 was traded at an idea price of between the ranges of Rs. 3150 – 3250 per maund but prices for Seed cotton old (phutty) Crop 2015-2016, were not available.


NYBOT Cotton Future Contracts Closing –09:50. AM – July 28, 2016

As on 27 July 2016 (1 USD = 104.40 PKR)

Month C/lbs PKR / maund
Dec 16 73.55 6318.32
Mar 17 73.80 6339.79
May 17 73.56 6319.18
Jul 17 73.21 6289.11
Dec 17 72.02 6186.88

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