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Pakistan Cotton market: mills take interest in fresh buying
Mills took interest in fresh buying on the cotton market on Wednesday, dealers said. The official spot rate was unchanged at Rs 6,400, they said. In ready business, about 2500 bales of cotton sold
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Pakistan: Cotton trading remains dull
Karachi Cotton markets in Pakistan continued to observe dull trading despite the fact that the country produced less cotton this year as compared to last year, a dealer said on Saturday. “Demand for cotton
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Pakistan Cotton market: spot rate falls amid lean business
In the absence of strong demand by the mills and spinners, prices dropped further on the cotton market on Monday, dealers said. The official spot rate was down by Rs 50 to Rs 6,600,
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Pakistan: Cotton trading improves
KARACHI: Trade turnover of cotton slightly improved to around 6,000 bales (155 kilograms each) after prices of the commodity fell at the local market, a dealer said on Thursday. “Falling cotton prices convinced the
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Prices rangebound on cotton market
Thursday was marked by slow activity on the ready cotton market though steadiness is said to have persisted. Thus the domestic market appeared rangebound as the ex-gin price of grade three cotton remained constant
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Pakistan: Punjab faces shortfall of 2.5m cotton bales
KARACHI: Battered by last year’s heavy rains and flood, cotton crop in Punjab has suffered a mammoth loss of over 2.5 million bales or 20.91pc over the corresponding period last year when production stood
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No visible change in present outlook on cotton market
No visible change was seen in the present outlook on the cotton market on Wednesday as Pakistan Cotton Ginners Association (PCGA) issued its fortnightly report showing lower-than-expected seed cotton arrivals figure, dealers said. The
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Pakistan: Exit of middlemen keeps cotton trading low
KARACHI: Trade turnover of cotton remained low as majority of middlemen have exited from the trading arena after the Federal Board of Revenue imposed two percent sales tax on the commodity in recent past,
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Pakistan: Cotton trading remains low
KARACHI: Cotton market continued to observe thin trade since the Federal Board of Revenue imposed two percent sales tax on cotton yarn, a dealer said on Tuesday. “The imposition of the sales tax has
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Pakistan: Cotton trading declines
KARACHI: Trade turnover of cotton and its price continued to decline due to financial crisis in spinning sector, a broker said on Monday. “Cotton trading and prices in Pakistan are believed to maintain downward
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Pakistan: Cotton production 11.7% lower so far this year
ISLAMABAD: Cotton production in Pakistan has so far registered 11.7% lower as compared to last year’s production, reveals a fortnightly report on domestic cotton production issued by the Pakistan Cotton Ginners Association (PCGA). Government had
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Pakistan: Cotton trading declines to 6,400 bales
KARACHI: Trade turnover of cotton declined to 6,400 bales in the open markets on Monday after spinning mill owners denied to pay higher prices for the commodity, a dealer said. “Trade turnover of cotton
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Pakistan Cotton market: prices hit high at Rs 7,300
Prices hit high on the cotton market on Wednesday as ginners raised asking prices as mills showed interest in purchasing of fine variety amid a decrease in unsold stock, dealers said. The official spot
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Pakistan: Cotton spot rate increased to Rs6,500
KARACHI: The Karachi Cotton Exchange (KCE) increased its cotton spot rate by Rs50 per maund (37.324 kilograms) to Rs6,500 per maund on Tuesday after local markets faced shortage of fine quality commodity in demand,
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Pakistan: No trading at cotton market
KARACHI: No trading of cotton was witnessed at the domestic market on Monday after spinning mill-owners refused to pay higher price for the commodity, a dealer said. Ginners were demanding much higher prices for
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Pakistan: Cotton attracts hefty buying of 18,500 bales
KARACHI: Spinning mill-owners made significant buying of 18,500 cotton bales ahead of the release of cotton production report by the Pakistan Cotton Ginners’ Association (PCGA), a dealer said on Friday. “Spinning mill-owners made hefty
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Pakistan: Country receives 6.7% more cotton bales
KARACHI: The country received 12.6 million bales till the fortnight that ended on February 15, 2013, which is 800,000 cotton bales or 6.77 percent more as compared with 11.8 million bales during the same
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Steadier trend on cotton market
Prices of fine variety went up on the cotton market on Friday as the ginners were not keen to lower asking prices mainly because of diminishing unsold stock, dealers said. The official spot price
Read More »Pakistan: Cotton trading remains firm
KARACHI: The trade turnover and price of cotton remained firm at the open markets across the country in connection with the estimated less production of the commodity during the ongoing fiscal year (July 2012
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Cotton trade remains sluggish
KARACHI: Cotton trade turned sluggish at the open markets across the country on Monday after ginners demanded a price higher than Rs6,200 per maund (37.324 kilograms) for the commodity, said a dealer. “Ginners are
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