Home / Knowledge / News / Textiles / Weekly over view of cotton market
Weekly over view of cotton market
23
Jun '08
Pakistan has emerged as the fifth largest producer of cotton in the world, employing more than 1.3 million farmers who are cultivating over 3 million hectares, covering 15 per cent of the cultivable area in the country.

Cotton and cotton products contribute near about 10 percent to GDP and around 55 percent to the foreign exchange earnings of the country.

Even though the cotton crop in the present financial year, in various regions, is suffering for a variety of reasons, including poor germination in Punjab, high temperatures during August and September 2007 and pest like mealy bugs attacks, the merchants are quite happy with positive trade deals.

During the week starting from June 16- 21, the market remained in the tight grip of ginners.

According to available reports, a moderate amount of seed cotton was sold at near about Rs2,100 per 40 Kg ex-factory. Cottonseed was priced at Rs900 per maund from new crop in Sindh. The cost of lint cotton was marked over Rs4,000.

Recently heavy rains in Rahimyar Khan District ruined the newly sown cotton, which now requires re-sowing.

At the end of season in June, lint prices set high record of Rs 4,100 per maund, showing an increase of 57.69 percent.

Presently, the spot rates at the Karachi Cotton Association (KCA) remained firm at Rs3,800 per maund and demand for fine lint moved on to the higher side.

For complete quotation of today's price click here

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search