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Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees

Cotton market: lower rates propel ginners to sell at current levels

November 27, 2013 A downward trend in prices against falling consumptions, forced the ginners to sell as much as possible at the present rates, dealers said. The official spot rate was unchanged at Rs 6,350, they said. Price of seed cotton in Sindh per 40 kg at Rs 1800-2800 and, in Punjab rates did not move any side at Rs 2500-3000, dealers said. In the ready session, over 18,000 bales of cotton changed hands between at Rs 6300-6650, they said. Market sources said that nothing has…

Cotton Spot Rates November 21, 2013

Cotton Spot Rates November 21, 2013 Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 20, 2013). =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR BASE GRADE 3 STAPLE LENGTH 1-1/32" ---------------------------------------------------------------------------…

Record cotton trading

7 Nov 2013 Karachi. Trade turnover of cotton increased to record on-year high of 55,600 bales (155 kilograms each) at the local markets after the European Union granted GSP Plus status to Pakistan, a dealer said on Wednesday. “Trade turnover of cotton surged to one-year high after EU granted duty-free access to Pakistani products under the Generalised System of Preference (GSP) Plus status from January 1, 2014,” Naseem Usman, a broker at the Karachi Cotton Exchange, said. The duty-free…

Panic selling by ginners seen on cotton market after PCGA report

November 05, 2013 Dry and hot weather caused increase in seed cotton arrivals, at the same time prices fell more on the cotton market on Monday, dealers said. The official spot rate was down by Rs 100 to Rs 6450, they said. Price of seed cotton of low type in Sindh per 40 kg were lower by Rs 200 to Rs 1600 while the fine variety was unchanged at Rs 2800, in Punjab rates low quality was unchanged at Rs 2600 while the best type depicted softness, losing Rs 50 to Rs 2900, dealers said. In the…

Cotton prices fall further

November 2nd, 2013 The slump in world cotton markets, coupled with lesser off-take of cotton yarn in domestic market, is keeping cotton prices under pressure. Floor brokers said that almost all the world cotton markets are currently under extreme pressure where higher supply in front of less demand is pushing prices lower on each passing day. According to cotton analysts, soon after Diwali holidays in India from Monday, phutti (seed cotton) arrival will gain momentum and this will…

Cotton market: trade activity slows down

November 02, 2013 Trading activity came down on the cotton market on Friday as leading mills and spinners hoping for decline in rates, dealers said. The official spot rate lost further Rs 50 to Rs 6550, they said. Prices of seed cotton in Sindh per 40 kg were unchanged at Rs 1800-2800, in Punjab rates also showed no change at Rs 2950-2600, dealers said. In the ready session, around 23,000 bales of cotton changed hands between Rs 6500-6700, they said. The main factor, which appeared is…

Spot rate slides on easy supply: COTTON

October 25, 2013 Official spot rate, after maintaining a stable trend for a long time, dropped modestly on comfortable supply of seed cotton, dealers said on Thursday on the cotton market. The official spot rate was down by Rs 50 Rs 6850, they said. Prices of seed cotton in Sindh per 40 kg were inert at Rs 2200-2900, while in Punjab low type picked up Rs 100 to Rs 2900, while the best quality stayed put at Rs 3100, dealers said. In the ready session, around 30,000 bales of cotton…

Cotton Spot Rates October 24, 2013

Cotton Spot Rates October 24, 2013 Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 23, 2013). =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR BASE GRADE 3 STAPLE LENGTH 1-1/32" --------------------------------------------------------------------------- MICRONAIRE VALUE…

Cotton Spot Rates October 23, 2013

Cotton Spot Rates October 23, 2013 Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 22, 2013). =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR BASE GRADE 3 STAPLE LENGTH 1-1/32" ---------------------------------------------------------------------------…

Modest trade on cotton market amid pre-holiday session

October 15, 2013 A modest trading was seen on the cotton market on Monday as most of the participants adopted cautious attitude towards fresh buying ahead of Eidul Azha holidays, dealers said. The official spot rate was unchanged at Rs 6900, they said. Prices of seed cotton in Sindh per 40 kg remained unchanged at Rs 2500-2950, while in Punjab rates were at Rs 2800-3000, dealers said. In the ready session, around 6,000 bales of cotton changed hands between at Rs 6200-7200, they said.…

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