Home / Knowledge / News / Textiles / Spot rate of cotton remains steady
Spot rate of cotton remains steady
Jan '11
Firmness marked the cotton market yesterday as mills and spinners requiring cotton fixed deals in spite of the rising trend in the cotton prices. The Karachi Cotton Association (KCA) spot rate remained steady at Rs 9700. Prices of seed cotton also reflected an upward trend in both Sindh as well as Punjab where the prices remained at Rs 3,900-4,600.

In case of ready business, about 20,000 cotton bales were traded between Rs 9,300-10,000.

As per the latest fortnightly report of the Pakistan Cotton Ginners Association (PCGA), there has been a deficit of 1.7 million bales, suggesting that the prices might register a further hike in the near future. This is one of the major factors which had inspired the ginners to hold back the cotton stocks, so that they can earn higher profits.

The mills and spinners were not prepared to pay prices beyond that of the export prices, thereby decelerating the physical activities in the previous trading sessions. But several mills and spinners purchased cotton in order to fulfill their immediate requirements and also because of the growing apprehensions regarding the further hike in the cotton prices. Meanwhile, it also emerged that several spinners were not very keen on buying cotton above Rs 10,000 level in the near future.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Asim Dalal
Indo Count Retail Ventures

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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