US-based Retail Ecommerce Ventures (REV) recently announced that a... Manfred Mentges .ads_between_content{ Moreover, the prices of local cotton have also gone up in Pakistan with the new bulk orders. The cotton prices remained firm on Karachi cotton exchange on Tuesday, while the market witnessed less activity. Similarly, the rates in Haryana stand at Rs 2,295-2,320 per maund compared with Rs 2,035-2,080 per maund, traders said. Cotton Price Definitions . Textiles Ahsanulhaq, Chairman, Cotton ginners Forum said that the price of cotton has reached Rs6400 after increase of Rs100 per maund whereas the price of lint cotton also risen. Yarn prices have also shown increase in recent months while the large spinning units are said to be faring much better. Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ... Silvia Venturini Fendi Ltd. Cotton prices have been stuck to the level of Rs2600 per maund after June 2, and today also the prices are stable at Rs2600, according to Karachi Cotton Association. Cotton prices have increased even more last week as a maund of cotton is now selling at Rs300 higher. Pakistan has received offers and now export of raw cotton has been initiated to Bangladesh, Indonesia and Vietnam, resultantly increasing price of the commodity. However, they need lint now due to an increase in export orders. Today the prices are at the same level without any change, as per We use cookies for better user experience. Cotton price have reached almost four months high level in the third week of November, increasing by 200 per maund. Cotton production in largest cotton producer state of the US, Texas, has also been affected while crop is also under threat in Mexico. Though substandard seed issue remained there, crop survived in rain so far. The recent stability in international cotton prices, together with depreciation of the rupee against the US dollar (today’s rate is Rs.108.00/108.50, versus Rs.105.45 last Friday), have been supportive to domestic prices. More recently, prices eased back to 70 cents/lb. 02-12-2020 16:03. Cotton prices currently are ruling at Rs 2,330-2,380 per maund against Rs 2,100-2,140 per maund one month back in Punjab. A maund of Cotton is currently priced at Rs. One maund is equal to 37.324 kg. Cotton is major crop grown in Pakistan. Indian cotton prices were the lowest among the major origins at US cents 90.05 per pound CNF China, while the highest was of Uzbekistan origin […] KARACHI: The Karachi Cotton Association fixed the official base price for Grade 3 cotton at 5,251 rupees per maund (40 kg). Head honchos, Athleisure is the current buzzword in fashion. Pierre Wiertz talks about the vast world of sustainable nonwovens and... Suresh Patel Pakistan is one of the biggest cotton exporter of the world. Ginners and growers said rainwater affected around 20 to 22 percent of the standing crops. float:right; Nowadays cotton can not be sown without tractor and implements. Disclaimer: Cotton price or phutti rate is per mann / maund minimum to maximum provided by relevant departments and Ghalla mandi market.Price may vary city to city. “Due to reports of lower crop in the country, big mills were importing larger volumes of cotton, as they were exempted from import duty.” Prices in the international market also increased. Mumbai Commodities Control - Spot cotton rates shed Rs 10-15 per Maund across Punjab, Rajasthan and Haryana mandis. Meanwhile Lower Rajsthan cotton rates dropped upto Rs 300 per … In ready lint cotton sales reported on … However, in a recent report by Pakistan Central Cotton Committee, … Recent days have seen Cotton prices escalate sharply. Sidwin Fabric. Cotton prices are Rs2450 per maundCotton prices are Rs2450 as informed by Karachi Cotton bureau, now a days. MULTAN, (UrduPoint / Pakistan Point News - 12th Apr, 2019 ) :Punjab Minister for Agriculture Malik Nauman Ahmad Langrial said Friday that ginners had promised to pay premium price i.e Rs 200 extra per maund for contamination-free or clean cotton. If the cotton demand continues to increase, local lint prices could conceivably rise to Rs 8000 per maund (37.32 Kgs). Private sector commercial exporters were looking for better lots for Rs 7,000 to 7,050 per maund. Nov 27, 10:28 : According to Cotton Association of India, the raw cotton prices have increased to about 25% to Rs 5,000 - 6,000 per quintal in last 2 months. The premium for Corc North fuzzy truck sits at about $25 over California pima. Please fill in your details to download the Table of Contents of this report for free. The federal government on Tuesday decided to set minimum support price of cotton at Rs 4,200 per maund, 24NewsHD TV channel reported, quoting its sources. “The largest cotton producer district of Pakistan, Sanghar, has been affected badly,” he said. RECENT PRICE MOVEMENT. In order to make long term priorities and to ensure sustainable... E-commerce FEATURED Cotton news Raw Cotton Prices increased about 25 percent. Cotton Price Definitions . Subscribe today and get the latest information on Textiles, Fashion, Apparel. Nandan Denim, part of leading conglomerate Chiripal Group, commenced its... Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,... GoodWeave International, a nonprofit working to end child, forced and... Dave Rousse However, production estimates will not be accumulated until monsoon is over. About 900 bales of cotton changed hands. Sedo Treepoint GmbH. As a result, cotton price soared to a new record high of Rs9,500 per maund amid reports that some late evening deals were quoted at Rs9,600 per maund. He said this while presiding over a meeting of Cotton Crop Management Group (CCMG) at Central Cotton Research Institute (CCRI) Multan. The price idea for lint from Nawabshah in Sindh was said to be about Rs 1,950 per maund (37.32 kgs), while the price idea for cotton from Mehrabpur in the Khairpur district was about Rs 2,000 per maund on Thursday. 7,000. Punjab cotton prices current week dropped down to Rs8,000 from Rs850 per maund. Golfwear and menswear brand Devereux is set for greener pastures. Cotton Prices - 45 Year Historical Chart. May 2020 - Oct 2020: 0.200 (13.79 %) Chart. Rain has also affected the quality of lint in the province. Ahsan-ul-Haq, Chairman, Cotton ginners Forum said that the price of cotton has increased by Rs 100 to Rs 6400 per maund whereas the price of lint cotton also risen. Senior traders told the channel that high-quality cotton prices were raised further by Rs50 to Rs 5,000 per maund level – a landmark that was being expected. Thus, they kept the cotton stocks. Tractors and Cotton. Experts have given various reasons for this surprise surge in the prices; imminent rupee devaluation, lack of quality cotton and lower than expected output. Cotton prices have increased even more last week as a maund of cotton is now selling at Rs300 higher. Spot Cotton Rates Drop Across North & Central Indian Mandis, Steady in A.P-Telangana, Karnataka. INDA, a global association of the nonwoven fabrics industry, has been... Pierre Wiertz The price idea for lint from Nawabshah in Sindh was said to be about Rs 1,950 per maund (37.32 kgs), while the price idea for cotton from Mehrabpur in the Khairpur district was about Rs 2,000 per maund on Thursday. KARACHI (Azhar Ali Khan): Domestic cotton price on Thursday breached all previous records as it hit Rs 5,000 per maund mark for the first time in the history, ARY News reported. Punjab produces 70 percent of the cotton in the country. Cotton price in the country increased by Rs 200 to Rs 7000 per maund, reaching to almost four months high. Prices of Cotton have been continuously on the rise as only on 27th of October, prices for Cotton had touched 6,550 per maund hitting its two month highs. The cotton price was up after pest attack and high temperatures in the cotton fields which affected the quality of the commodity. Bearish trend witnessed in the cotton market since last two weeks and on average price of cotton has been declined by Rs 900 per maund, he said. margin:10px 0 10px 20px; Nationwide Daily Cotton Arrivals Rise over 7% to 2.32 Lk Bales on Wednesday . Ahsanulhaq, Chairman, Cotton ginners Forum said that the price of cotton has reached Rs6400 after increase of Rs100 per maund whereas the price of lint cotton also risen. Get the latest Cotton price (TT:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. 100 per maund (37.324 kilograms) to Rs. INDA. Stakeholders said if the situation persists the prices would further go up in the market. Cotton Market Fundamentals & Price Outlook November 2020. ISLAMABAD: Cotton prices in local markets have dropped sharply after announcement from All Pakistan Textile Mills Association (APTMA) that they are closing e-Paper Today's Paper The price idea of ginned cotton from Punjab was said to have ranged from Rs 1,975 to Rs 2000 per maund. } More than 1,800 cotton bales changed hands on Saturday while ex-gin price per maund remained firm at Rs 7,000 per maund. Cotton stocks also climbed 27% on the month to 1,714 RBs. All rights reserved by Fibre2Fashion Pvt. Cotton prices go down by Rs800 per maund in local market in one week For the last few days, cotton prices have stuck to the level of Rs2650 per maund. Ahsanulhaq, Chairman, Cotton ginners Forum said that the price of cotton has reached Rs6400 after increase of Rs100 per maund whereas the price of lint cotton also risen. Devereux. The AWP for cotton is 58.63 cents/lb. MULTAN, (UrduPoint / Pakistan Point News - 12th Apr, 2019 ) :Punjab Minister for Agriculture Malik Nauman Ahmad Langrial said Friday that ginners had promised to pay premium price i.e Rs 200 extra per maund for contamination-free or clean cotton. All international benchmark prices increased over the past month. @media (max-width:600px){ Cotton prices have been stuck to the level of Rs2600 per maund after June 2, and today also the prices are stable at Rs2600, according to Karachi We use cookies for better user experience. Pakistan is the fifth largest producer of cotton in the world, the third largest exporter of raw cotton, the fourth largest consumer of cotton, and the largest exporter of cotton yarn. What was a $25 per ton spread between Lubbock North and Arizona has now widened to a $45 per ton spread. Stakeholders said prices increased because of short supply due to rain especially in Sindh and an increase in the international market. Farmers prefer to grown cotton because it is considered as cash crop and … | On 5th Dec 2020. Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on. We also do customization of these reports so you can write to us at mi@fibre2fashion.com in case you need any other additional information. } Usman said spinning mills need at least 3.5 to 4 million bales to fulfill their requirements. Rates per maund bag or KG on daily basis are updated for your better knowledge of market. Cotton market opened after eid closures and on first day of trading session the price drop sharply by Rs 300 to Rs 6100 per maund, said chairman Cotton Ginners Forum, Ahsanulhaq from Rahim Yar Khan. New York Cotton Futures market increased beyond 66 cents per pound and China remained the largest importer. 02-12-2020 15:57. The stable cotton prices in Pakistan are demanding for better grades. EDANA. All international benchmark prices increased over the past month. Firm conditions have prevailed in the cotton market over the weekend. Cotton and tractor have the close relation with each other. 1.3 million farmers (out of a total of 5 million) cultivate cotton over 3 million hectares, covering 15 per cent of the cultivable area in the country. Cotton Ginners Forum President Ahsan-ul-Haq said that the price hike was due to a shortage in the production and supply of cotton. The Cotlook A index was 79.80 cents/lb on the 30th, up 85 points. 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