Tag Archives: Cotton World Services

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 30s Celsius. Growers have welcomed the increase in temperatures, and the pace of early new crop sowings has picked up somewhat in lower Sindh and central Punjab.

The warmer conditions should also assist the maturing of the wheat crop, which would in turn pave the way for new crop cotton plantings. Despite the improvement, there remains a lack of optimism with regard to the production outlook.

Some companies have reported lower than expected sales of planting seeds thus far. However, ample time remains for sowing and, if cotton prices continue to increase over the next month or two, some positive momentum maybe created.

For more information, Contact:
Mohammad Shoaib
Cotton World Services
Email ID: mshoaib@cottonworldservices.com
Contact: 03002997979 / 03139202169 / 03002045514
Web: http://cottonworldservices.com/

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 prices were also inert at Rs 2,200, while the best type shed Rs 100 to Rs 3,100.

For more information, Contact:
Mohammad Shoaib
Cotton World Services
Email ID: mshoaib@cottonworldservices.com
Contact: 03002997979 / 03139202169 / 03002045514
Web: http://cottonworldservices.com/

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 were also inert at Rs 2,200 and 3,200, they said. In the ready business, over 4,000 bales of cotton changed hands between Rs 6,100 and Rs 7,300.

For more information, Contact:
Mohammad Shoaib
Cotton World Services
Email ID: mshoaib@cottonworldservices.com
Contact: 03002997979 / 03139202169 / 03002045514
Web: http://cottonworldservices.com/

Further rise in futures provides support to already tight local cotton market

Karachi, March 29, 2013 (PPI-OT): The further rise in futures has provided supports to an already tight local cotton market. Ginners, particularly those holding earlier ginned stocks, are holding back supplies in hope of further price increases. The current price range for premium quality lots remains at between Rs 6,700 and 7,200 per maund (83.00/89.20 US cents per lb), ex-gin. Mill buying has remained patchy.

For more information, Contact:
Mohammad Shoaib
Cotton World Services
Email ID: mshoaib@cottonworldservices.com
Contact: 03002997979 / 03139202169 / 03002045514
Web: http://cottonworldservices.com/

Steady conditions prevail in local cotton market

Karachi, March 28, 2013 (PPI-OT): Steady conditions have prevailed in the local cotton market today. Yesterday’s sharp rise in futures has provided positive impetus and ginners have been tight sellers. However, spinners have reacted cautiously and have resisted paying over the current price range. Mill purchasing has been modest and of a gap-filling nature.

Business in premium quality lint has been feasible at between Rs. 6,700/7,200 per maund (roughly 83.00/89.00 US cents per Ib), ex-gin, while average qualities have fetched around Rs. 6,000/6,500 per maund. Import activity from local mills has remained moderate over the past few days.

Despite the recent decline in futures, business has been restricted to retail proportions. Some further Indian Shankar-6 has been traded at around 93.00/94.00 cents per lb. while MCU-5 has been sold at around 95.00/96.00, CFR Karachi. West African s’ Grades have also found buyers at between 94.00/94.50 cents per lb. also landed.

For more information, Contact:
Mohammad Shoaib
Cotton World Services
Email ID: mshoaib@cottonworldservices.com
Contact: 03002997979 / 03139202169 / 03002045514
Web: http://cottonworldservices.com/

Steady conditions prevail in local raw cotton market

Karachi, March 27, 2013 (PPI-OT): Steady conditions have prevailed in the local raw cotton market. Today’s sharp rise in futures in early trading has imparted some firmness to offering prices and, although mills have still remained on the sidelines observing market developments, holders of current crop remnants have again become very tight sellers.

Most ginners apparently still harbour hopes of a further price increase during the remainder of the season. Business in premium lots has been reported today at between Rs. 6,700/7,200 per maund (about 83.00/89.00 US cents per Ib), ex-gin, while average quality cotton has fetched around Rs. 6,000/6500.

For more information, Contact:
Mohammad Shoaib
Cotton World Services
Email ID: mshoaib@cottonworldservices.com
Contact: 03002997979 / 03139202169 / 03002045514
Web: http://cottonworldservices.com/