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Cotton market: Recent weakness in low grade prices facilitates revival in export sales to certain traditional markets

Karachi, April 16, 2013 (PPI-OT): Recent weakness in low grade prices has facilitated a revival in export sales to certain traditional markets. The business arranged has included a few hundred tonnes of Type ALAKA, low Micronaire lots, at between 68.00 and 70.00 US cents per lb. landed Taiwan. The local market, by contrast, has remained […]

Stable conditions prevails in local cotton market

Karachi, April 12, 2013 (PPI-OT): Stable conditions have prevailed in the local cotton market. Further to yesterday’s correction in New York cotton futures, cotton prices have been maintained at current levels. Some gap filling buying has also provided support. Ginners have generally remained tight sellers, while mills have exercised a lacklustre buying approach. Turnover has […]

Subdued conditions prevail in local raw cotton market

Karachi, April 11, 2013 (PPI-OT): Subdued conditions have today prevailed in the local raw cotton market. The continuous drop in futures along with a lack of active buying from domestic mills has contributed to a negative mood, as has the rather lacklustre yarn demand reported lately by most spinners. The recent severe power shortages in […]

Bearish conditions prevails in cotton market

Karachi, April 10, 2013 (PPI-OT): Bearish conditions have prevailed in the domestic cotton market. The recent falls in New York cotton futures, and a downward correction in local yarn prices have led to some negative sentiment among buyers. The worsening power load shedding problems in Punjab have also been a factor in mills’ resistance to […]

Cotton: Growers welcome increase in temperature and pace of new crop sowing picks up in lower Sindh, central Punjab

Karachi, April 03, 2013 (PPI-OT): Generally hot and dry conditions have prevailed in across much of the cotton growing belt over the past few days. Isolated showers have been largely restricted to upper parts of the country. Temperatures have started to now rise to seasonal average levels, with daytime highs in the low to mid […]

Price drifts lower on the cotton market

Karachi, April 02, 2013 (PPI-OT): Price drifted lower on the cotton market on Monday as main participants on the sidelines, hoping for a further decline in the rates, dealers said. The official spot rate was unchanged at Rs 6,900, they said. Rates of seed cotton in Sindh were unchanged at Rs 2,200, in the Punjab […]

Rates firm on the cotton market on Friday

Karachi, April 01, 2013 (PPI-OT): Rates were firm on the cotton market on Friday in the process of thin business due to absence of spinners, dealers said. The official spot rate was unchanged at Rs. 6,900, they said. Rates of seed cotton in Sindh were unchanged at Rs 2,200 and 2,800 in the Punjab prices […]