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Pakistan Local Cotton Market Report as on 30th May 2016

KCA Spot Rate Rates (kgs) Ex-Gin Price PKR Up Country Expenses Spot Rate Ex-Karachi PKR Spot Rate Ex-Karachi c/lbs 37.324 kgs 5,500 135 5,635 65.41 40.0 kgs 5,894 145 6,039 65.41 Cotton Offering Price in Pakistan Market 31-May-2016 27-May-2016 01-June-2015 15/16 vs 14/15 (Ex-Khi) 37.324...

Cotton concerns

Pakistan, an exporter of cotton in the past, is facing acute shortage of this crop and importing it in large quantities to meet its...

A glimmer of optimism for cotton

There is a growing sense that New York cotton prices will be standing at approximately US cents 70/lb in a year's time. That would...

Cotton futures edge higher on MCX

Cotton futures edged higher on MCX due to rising demand from textile mills in the spot market. Further, lower supplies of good quality stock...

Cotton production may witness further decline next year

The cotton production in Pakistan may witness further decline next year as cultivation of the crop in the largest cotton producing province Punjab has...

Rs3,200 per 40kg cotton support price sought

MULTAN: Former National Assembly speaker Syed Fakhar Imam said that growers were reluctant to sow cotton this year and the government should immediately announce...

Howell: Cotton remains on defensive amid China stockpile sales

Ongoing sales from China’s huge government stocks, USDA’s first detailed 2016-17 supply-demand forecasts and a larger-than-expected reduction in U.S. 2015-16 export prospects contributed to...

USDA Cotton and Wool Outlook: May 12, 2016

World Cotton Consumption to Exceed Production in 2016/17 The initial U.S. Department of Agriculture (USDA) cotton projections for 2016/17 indicate that global cotton consumption will...

Pakistan Cotton 2015-16 Market Updates – 12th May ‘2016

Today KCA Spot Rate– 12:50 PM – May 12, 2016 Today Karachi Cotton Association (KCA) spot price decreased  by 100 at (New Crop 2015 -16)...

Karachi cotton association demands three percent duty cut on imports

KARACHI (Dunya News) – Cotton association has demanded the government to cut three percent tax on import in light of dismal production of the...

China cotton supplies seen tightening, extending price rally

BEIJING: China's cotton futures extended a rally on Thursday as speculative buying pushed prices to the highest in more than a year in anticipation...

Ginneries receive 34.28pc less cotton bales

MULTAN - The arrival of cotton bales (phutti) at ginneries has observed a decrease of 34. 28 percent, compared to the corresponding period last year,...

Cotton prices jump on a sharp decline in output estimates

After bottoming out on March 23, prices of cotton turned around and recorded over 5% gain following a sharp decline in output estimates for...

Cargill loses head of $2bn cotton unit

Cargill, the world’s largest agricultural commodities trader, has parted ways with the head of its $2bn cotton division amid tough market conditions. Doug Christie, president...

About 9.71 million cotton bales reach ginneries

Pakistan Cotton Ginners Association (PCGA) on Thursday has issued, the figures of cotton arrival up to March Ist, 2016. According to a fortnightly PCGA...

Low activity on lacklustre cotton market

Despite less than a million bales remaining unsold from the current crop (2015/2016), there is no buoyancy on the domestic cotton market. Some sources...

Renewed buying on cotton market

KARACHI: Renewed buying interest at the lower level helped cotton market on Friday to witness mild recovery. However, activity remained slow and restricted in...

Cotton market: spot rate falls on listless business

Official spot rate dropped modestly on the cotton market on Thursday as most of the participants preferred to be sidelined as NY cotton futures...

APTMA demands increase in RD on Indian cotton yarn

KARACHI: All Pakistan Textile Mills Association Chairman Tariq Saud has categorically denied the statement of Minister Commerce Khurram Dastgir Khan that the association has...

Stable condition on cotton market

Unlike the global situation where cotton prices are barely steady, the domestic market in Pakistan remains quite steady due to a largely low crop...