Browsing Tag

Ginners

Cotton market: Ginners may raise asking prices amid slow arrivals

December 31, 2014 - BR Report - Prices maintained upward march on the cotton market on Tuesday amid tight supply of fine quality, dealers added. The official spot rate was higher by Rs 50 to Rs 4,950, they said. In the ready session, around 13,000 bales of cotton changed hands between Rs 4700-5350, they said. In Sindh, prices of seed cotton were unchanged at Rs 1900 and Rs 2500, in Punjab prices rose by Rs 100 to Rs 2200 and Rs 2900, they said. Market sources said that phutti arrivals…

Slight improvement in trade activity on cotton market

January 03, 2013 Slight improvement was witnessed on the cotton market on Wednesday as most of the ginners held back unsold stock on expectations of increase in rates in days to come, dealers said. Official spot rate was unchanged at Rs 6000, they said. Prices of cottonseed (phutti) in Sindh at Rs 2300-2700 and in Punjab rates were at Rs 2400-2800, they said. In ready business, above 10,000 bales of cotton finalised between Rs 5725 and Rs 6100, they said. According to the market…

Prices firm amid modest trading on cotton market

December 23, 2012 Steadier trend was witnessed on the cotton market on Saturday in the process of trading, dealers said. Official spot rate was unchanged at Rs 6000, they said. In ready business, nearly 13,000 bales of cotton finalised between Rs 5700 and Rs 6200, they said. Prices of cottonseed (phutti) were firm at Rs 2400-2650 and in Punjab rates were inert at Rs 2450-2750, they said. According to the market sources, needy mills were active ahead of holiday, but others were trying…

Dollar’s surge causes tug-of-war between ginners, mills

December 19, 2012 Tug-of-war started between mills and the ginners after unprecedented rise in the dollar's value versus the rupee, dealers said on the cotton market on Tuesday. As result cotton prices went up as on the one hand, the ginners were trying to curtail selling at the present rates, in expectations of further increase in the greenback value, but on the other hand, the mills were keen for fresh purchasing to improve their profit, they said. Some other analysts said that after…

PCGA issues figures for cotton production

November 19, 2012 RAHIMYAR KHAN - Pakistan Cotton Ginners Association (PCGA) has issued fortnightly figures of domestic cotton production. Accordingly, all countrywide ginning factories have so far received seed-cotton (phutti) equivalent to 8,519,075 cotton bales up to 15th November, 2012, that’s 550,257 bales (7pc) in excess to previous year corresponding arrivals. However according to PCGA report seed cotton arrivals in ginning factories of Punjab are 5,723,266 bales up to 15th…

Mills inactivity, value-added units strike keep cotton market dormant

KARACHI (May 13 2010): Mills did not show any interest in fresh buying due to higher prices on Wednesday, dealers said. The Karachi Cotton Association (KCA) official spot was unchanged at Rs 6700, they said. In the ready business no deal was reported as ginners showed no flexibility in their attitudes. Yarn prices also came down mainly because of downward trend in the international market, they said. Commenting on the present trend in the market, some analysts said that mills were on the…

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