;
Home / Knowledge / News / Textiles / Cotton at KCA acquires a declining trend
Cotton at KCA acquires a declining trend
15
Sep '08
Even though high prices prevailed at the Karachi Cotton Market, trading session remained brisk amid strong demand from the buyers.

During the week starting from September 8 to 13, the market remained in the tight grip of traders.

Though experts are anticipating lesser yield than expected in the present cotton season, market prices stand with in the reach of buyers.

On Monday, spot rate at Karachi Cotton Market maintained stability at Rs4,125 per maund with growing demand of lint of all qualities during the trading session.

According to Ghulam Rabbani, Director of KCA, about 20,000 bales were traded at different regions in Punjab and Sindh at Rs4,100 and Rs4,200 per maund respectively, and fine lint prices moved over Rs4,200 per maund. Cotton from Sindh dominated in price and trade volume.

The market remained active with millers procuring huge volumes of lints. On Tuesday, cotton prices at KCA stood at Rs4,100 per maund reflecing a fall of Rs50 per maund.

On this day, Punjab lint was quoted with in the range of Rs4,000 to Rs4,050 per maund, while Sindh cotton was traded at around Rs4,100 - Rs4,150 per maund during the trading session.

Mr Rabbani informed that Mirpurkhas cotton exchanged hands at Rs4,000 per maund while that from Punjab stood with in the range of Rs4,050 and Rs4,075 per maund.

The spot rate at KCA, on Wednesday, stayed firm and strong and the settlement declared at Rs4100 per maund. In the domestic market small volumes observed being traded at this rate only.

During the trading session, some contracts were inked in upper Sindh at Rs4,030 per maund while in Punjab were concluded at with in the range of Rs4,000 and Rs4,010 per maund.

On Thursday, the spot rate at KCA moved and shifted a lower slot and the settlement declared at Rs4,025 per maund with a decrease of Rs75. In the domestic market, small volumes observed being traded; generally market remained around about Rs4000.

The Friday spot rate at KCA remained firm and strong and the settlement declared at Rs4025 per maund. In the domestic market, small volumes observed being traded; generally market remained around about Rs4000. But some of the deals were concluded in a bit higher prices upto Rs4075.

The spot rate at KCA moved on Saturday and shifted a lower slot once again and the settlement declared at Rs4000 per maund with a decrease of Rs25per maund.

In the domestic market, around 200 bales of Mirpurkhas were sold at Rs4025, 1000 bales of Shahdadpur traded in Rs4050, 600 bales sold in Tando adam at Rs4050, 800 bales of Nawab shah sold at Rs4050, 400 bales of Sanghar sold at Rs4040. About 1800 bales of Pak pattan sold at Rs3900, 1200 bales of Khanewal changed hands at Rs4050. 400 bales of Chishtian and 400 of Bahawalpur sold at Rs4000. 400 bales of Mamum kanjan sold at Rs3985, while 400 bales sold in Gojra at Rs4025.

Presently, the spot rates at the Karachi Cotton Association (KCA) remained firm at Rs4,000 per maund and demand for fine lint moved on to the higher side.

For complete quotation of today's price click here

Fibre2fashion News Desk - India


Must ReadView All

Pakistan-Italy MoU to expand economic, trade cooperation

Textiles | On 14th Dec 2018

Pakistan-Italy MoU to expand economic, trade cooperation

Pakistan and Italy recently signed a memorandum of understanding...

South African parliament ratifies AfCFTA

Textiles | On 14th Dec 2018

South African parliament ratifies AfCFTA

The South African parliament recently ratified the agreement...

Jordan PM lays foundation stone for Chinese textile unit

Textiles | On 14th Dec 2018

Jordan PM lays foundation stone for Chinese textile unit

Jordanian Prime Minister Omar Razzaz recently laid the foundation...

Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


December 2018

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

news category


Related Categories:

Advanced Search