Home / Knowledge / News / Textiles / Cotton price at KCA rebounds
Cotton price at KCA rebounds
03
Nov '08
Cotton growers are facing serious threat as prices of the same have taken a downward trend. Experts are of the opinion that this fall is the outcome of global financial turmoil.

During the week starting from October 27 to November 1, the market remained in the tight grip of traders.

Ghulam Rabbani, Director of Karachi Cotton Association (KCA) stated that lint market slipped further on Monday, and the settlement declared at Rs2900 per maund with a decrease of Rs100.

Business activities were quite thin on this day, and lint of different qualities exchanged hands with in the range of Rs2850 to Rs3000 per maund. Market regained some strength and stability with the news that Trading Corporation of Pakistan (TCP) will enter the market to support the prices.

Tuesday was more or less similar to the previous day, with no changes in the prices of cotton at KCA, which stood at Rs2,900 per maund. Market remained active as players were positive with the TCP re-enterence news.

The spot rate at KCA regained some strength and the settlement price was declared at Rs2,950 per maund with an increase of Rs50 on Wednesday. The market witnessed a dull trading session amid increasing spot rate and growing demand for fine lint. Few deals were struck and prices stood with in the range of Rs3050 to Rs3100 per maund.

According to Mr Rabbani, an active trading session was observed on Thursday KCA Market. Growing demand for fine lint from the traders and surging spot rates left cotton producers beaming.

The spot rate at KCA was declared at Rs3,050 per maund reflecting a rise of Rs50 per maund. Deals were made in a range of Rs3,050 to Rs3,200 per maund during the trading session. Demand for the lint was on the higher side with ample of trade inquiries.

Experts are of the opinion, cotton growers will be most benefited if TCP enters the market. It will help in balancing the supply and demand equilibrium and in coming days cotton prices may touch Rs3,400 per maund.

On Friday, the spot rate at KCA moved upward direction and the settlement declared at Rs3125 per maund with an increase of Rs75. Small businesses were observed but all in a range from Rs3100 to Rs3250.

The spot rate at KCA remained unchanged on Saturday and the settlement stood at Rs3,125 per maund.

For complete quotation of today's price click here

Fibre2fashion News Desk - India


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Top executives
Textile & apparel bodies

The decision is transformational

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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