Home / Knowledge / News / Textiles / Cotton trading session witnesses dull business
Cotton trading session witnesses dull business
20
Dec '10
According to the cotton traders, business activity remained almost nil in the cotton market during the course of post-holiday trading session towards the end of last week. The official spot rate of cotton did not undergo any change and maintained the previous level. The Karachi Cotton Association (KCA) spot rate remained at Rs 9,100. Seed cotton prices in Sindh and Punjab remained between Rs 3,900-4,200.

As per the market sources, textile factories and exporters abstained from making fresh deals after the holidays and it is expected that the normal trading will resume next week only. Trading activity might experience a boost following the information that from now onwards, the Indian Ministry of Commerce is going to deal with the overseas importers of cotton in place of Indian Textile Ministry, in order to regularize the dealings.

The Pakistan Cotton Ginners Association (PCGA) has published biweekly reports of arrivals till 15th December, according to which 9.37 million bales of cotton has arrived this year as compared to last year's 11.02 million cotton bales, reflecting a decline of 1.09 million bales.

Cotton purchasing has been low owing to the Muharram holidays. Cotton prices increased in the global cotton market because of speculative purchasing. The domestic market also followed the same trend in spite of the low demand by the textile factories. The domestic cotton prices have never registered an increase or decrease of Rs 700-1000 per maund in a trading session in the history of cotton trading.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Giorgio Mantovani
Corman S.p.A

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

Steve Cole
Xerium Technologies

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

Prathyusha Garimella
Prathyusha Garimella

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

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


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