Home / Knowledge / News / Textiles / Cotton trading continues to remain range-bound in Pakistan
Cotton trading continues to remain range-bound in Pakistan
26
Nov '10
Traders at Karachi Cotton Association (KCA) stated that business continued to remain range-bound in the midst of strong physical price and firm spot rate of cotton, even when the grade issue regarding cotton persisted in the market.

Brokers revealed that the physical prices of cotton continued to remain strong as most of the trading took place at Rs 8,100 per maund whereas KCA spot rates remained at Rs 8,300 per maund.

Majority of the business deals had taken place on the basis of mutual agreement as both the stocks as well as the number of purchasers were less at the time of trading in Punjab and Sindh stations.

The New York Futures market is till now under the correction phase and the sliding trend is a boon for the purchasers.

The domestic cotton lint price had not reduced as compared to the fall registered in the global market. This is a positive indication for the local traders. Majority of the ginning units located in Sindh had temporarily stopped their ginning activities as a result of the less availability of cotton seeds and premature commencement of cotton ginning.

The New York March Future remained at 111cents per pound whereas the May Futures stood at 112.97 cents per pound. Cotlook A Index remained at 147.95 cents per pound.


Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kerem Durdag
Biovation II LLC

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

Mohammad Hassan
Biax Fiberfilm

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

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