Home / Knowledge / News / Textiles / Cotton spot rates fall by Rs 100
Cotton spot rates fall by Rs 100
May '10
Low trading on domestic cotton market and dearth in the available stocks, has resulted reduced the spot rates, as the current prices have side-tracked the buyers and it has also increased the demand, which is more than the supply, informed officials from the Karachi Cotton Exchange (KCE).

In the last week, spot rate of Karachi Cotton Association (KCA) fell by Rs 100 touching Rs 6,600 per maund from Rs 6,700, as several deals were signed within the range of Rs 6,200 – 6,500 per maund. However, dealers aver that, the first day of the week showed no signs of activities for the garment business.

With the ban on cotton exports from India and increased prices of raw cotton in global markets, Pakistani domestic spinners are under tremendous pressure. Also, with the non-availability and dearth in cotton yarn in the market, millions of dollars worth home furnishings, garments and fabrics, meant for exports, are in danger.

As per dealers, due to non-availability of yarn in the local market, prices of finished products have increased. In addition, these goods are no more competitive enough in the global markets, owing to their higher cost of manufacturing.

Meanwhile, cotton trade has turned low-key, as mill-owners are busy conducting meetings thinking of a plan against government's decision, of imposing 15 percent regulatory duty on exports of yarn.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search