Home / Knowledge / News / Textiles / Reducing lint stocks, prices may surge

Reducing lint stocks, prices may surge

10
Jun '10
As per traders of the Karachi Cotton Association (KCA), reducing stocks of lint and also, the late arrival of 2010-11 lint crops, is likely to affect the prices in late June.

Superior quality of lint, continued to attract limelight with its low volumes along with strong physical prices and stiff spots rates at KCA. Spot rates of KCA remained same, standing at Rs 6,350 per maund, while raw lint earned higher than its said prices, almost Rs 6,450 per maund at key trading stations, averred brokers.

According to KCA trader, Shakeel Ahmad, apart from anxiously waiting for the new crop, which seems like a distant dream atleast till July 2010, leading members of the textile industry were also keen about the size of the crop.

Owing to the reducing number in lint stocks, prices are likely to go beyond Rs 7,000 per maund within the next couple of weeks. More so, with an anticipation of increasing prices, ginners in Punjab and Sindh have quoted their produce on competitive prices of about Rs 6,500 – 6,550 per maund.

Approximately, 400 lint bales have been traded at the Rahim Yar Khan for about Rs 6,500 per maund, during the trading season.

In the New York Future market, lint prices are floating around 79-70 cents per pound for October contracts, whereas for December contracts it is at 80 cents per pound.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: XiXinXing / Shutterstock.com

E-commerce | On 11th May 2021

China's e-commerce logistics activities grow in April

E-commerce logistics sector in China showed moderate growth in April...

Pic: Phaustov / Shutterstock.com

Retail | On 11th May 2021

British retail company JD Sports acquires Manchester-based Oi Polloi

British sports fashion retail company JD Sports has acquired the...

Pic: Tufts University

Textiles | On 11th May 2021

Tufts University steps towards sustainability in leather by using silk

Scientists at the Tufts University School of Engineering have created ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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


May 2021

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


Advanced Search