Home / Knowledge / News / Textiles / Strong demand pushes up cotton prices in Pakistan
Strong demand pushes up cotton prices in Pakistan
03
Mar '17
Strong demand for quality lint, rising prices in global markets and short supply of quality cotton led to a rise in cotton price in Pakistani markets on Thursday, local media reported. The Karachi Cotton Asso­ciation raised its spot rates by Rs 50 to Rs 6,700 per maund (37.3242 kg) and Rs 7,180 for 40 kg. Trading was normal at the Karachi Cotton Exchange.

Transactions on the Karachi Cotton Exchange included more than 4,300 bales in the range of Rs 6,800 to Rs 7,000 per maund from Bahawalnagar, Khanpur and Sadiqabad, the reports said.

Some millers went on a buying spree due to limited stocks with ginners and little hope of more seed cotton (phutti) arrivals. Some leading spinners purchased in bulk, while led to increase in spot rates. The Ex-Karachi rates also increased to Rs 6,835 per maund and Rs 7,325 for 40 kg.

New York cotton closed 1.5 cents higher. Prices also increased in Indian and Chinese cotton markets.

Meanwhile, cotton sowing has begun in lower Sindh, while it is yet to start in Punjab province where sowing normally takes place in mid-April. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Giorgio Mantovani
Corman S.p.A

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

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...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search