Home / Knowledge / News / Textiles / Spot rate of cotton registers boost
Spot rate of cotton registers boost
Nov '10
Cotton traders at the Karachi Cotton Association (KCA) stated that the cotton trading session was dull at the Karachi cotton market and the spot rate of cotton had increased, towards the end of the last week.

The spot rate of cotton increased from Rs 8,300 per maund to Rs 8,500 per maund, thereby registering an increase of Rs 200 per maund. The physical prices of cotton continued to remain strong as majority of the trading took place at Rs 8,600 per maund.

The major buyers of cotton are keen on buying all grades of cotton lint but information regarding the deficit in the local cotton production as well as increased global cotton prices had warned the buyers to stay alert.

In spite of the ginners being in a strong position, where they could dictate their prices to the buyers, majority of the trading took place after the deals were settled between the traders and buyers in Punjab and Sindh stations. Cotton prices continued to remain firm in the local market as the New York Futures market is still under the correction phase.

The New York March Futures remained at 121.90 cents per pound whereas the May Futures stood at 111.79 cents per pound. Cotlook A Index remained at 148.10 cents per pound.

Majority of the top market players are of the view that cotton prices are not likely to exceed the purchasing power of the buyers and sellers are in support of reasonable prices. The ginning sector of the country is contented with the ample stock of cottonseed that is available with it and this is one reason why the prices are not likely to outshine the average purchasing limits during the trading sessions.

Punjab stations continued to remain the volume leader as over 4,000 bales of cotton were traded and in addition to it fine lint were sold at Rs 8,650 per maund in the trading session. Cotton trading continued to remain dull at majority of the stations in Sindh whereas it had been normal at Punjab stations since trading took place for about Rs 8,000 to Rs 8,450 per maund regardless of the cotton grade.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search