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. Meanwhile, the open market price of cotton in local exchanges continued to hover around Rs9,000 – although some deals were recorded as high as Rs9,200 per maund. The Cotlook A index was 79.80 cents/lb on the 30th, up 85 points. EDANA. FEATURED Cotton news Raw Cotton Prices increased about 25 percent. Recent days have seen Cotton prices escalate sharply. Reduced demand for cotton from the textile sector that is facing liquidity crunch and stiff competition in the world market from regional countries owing to increasing production cost contributed majorly towards market slowdown.. Spot rate at KCA was Rs 6,750 per maund and … .ads_between_content{ Firm conditions have prevailed in the cotton market over the weekend. 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 largest cotton producer district of Pakistan, Sanghar, has been affected badly,” he said. Day on day spot prices lost around US cent 0.5 a pound. KARACHI: The trend of increasing cotton prices continued unabated on Tuesday, with rates of the commodity soaring to Rs8,100 per maund – the highest for the ongoing season so far. Cotton price have reached almost four months high level in the third week of November, increasing by 200 per maund. All international benchmark prices increased over the past month. A maund, a unit commonly used for ginned cotton in the country, is equivalent to 37.324 kilograms. 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. Cotton price have reached almost four months high level in the third week of November, increasing by 200 per maund. Spot Cotton Rates Drop Across North & Central Indian Mandis, Steady in A.P-Telangana, Karnataka. 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. The spread between the Mid-South and the Southeast sits at about $25-$30 per ton, and then another $$75-80 … 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 is major crop grown in Pakistan. in Cotlook Indices, A index was at 56.10 and B Index was at 53.40. 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. Get the latest Cotton price (TT:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. This has led to an increase in domestic prices by 5%, said Sharda. Please fill in your details to download the Table of Contents of this report for free. Cotton Price Definitions . 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. The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October. Copyright © 2020. 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. 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. 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. 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. Nowadays cotton can not be sown without tractor and implements. Cotton prices have increased even more last week as a maund of cotton is now selling at Rs300 higher. Spinners are perturbed due to pest attacks on Indian cotton, delay in import permission and poor lint quality. Cotton Monthly Price - US Dollars per Kilogram. Cotton prices are expressed in US dollars per 100lbs (1 CFD contains 100lbs, 1 lot contains 1000 of 100-lbs equivalent cotton bales). 7,000. 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. The stable cotton prices in Pakistan are demanding for better grades. The local Pakistani markets price of cotton recovered by Rs. More recently, prices eased back to 70 cents/lb. Cotton price in the country increased by Rs 200 to Rs 7000 per maund, reaching to almost four months high. There are reports that Indian cotton is exported in the international market as well. Pakistan has received offers and now export of raw cotton has been initiated to Bangladesh, Indonesia and Vietnam, resultantly increasing price of the commodity. Punjab cotton prices current week dropped down to Rs8,000 from Rs850 per maund. FEATURED Cotton news Raw Cotton Prices increased about 25 percent. Pakistan has received offers and now export of raw cotton has been initiated to Bangladesh, Indonesia and Vietnam, resultantly increasing price of the commodity. 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. Meanwhile Lower Rajsthan cotton rates dropped upto Rs 300 per … 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. Cotton Market Fundamentals & Price Outlook November 2020. All rights reserved by Fibre2Fashion Pvt. 7,000. 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 […] 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. A summary for the approval of minimum support price would be presented in Wednesday’s Economic Coordination Committee (ECC) meeting to be held in Islamabad. margin:0px auto; Cotton prices have increased even more last week as a maund of cotton is now selling at Rs300 higher. Conversion Cotton Price Price; 1 Pound = 16 Ounces Cotton Price Per 1 Ounce 0.04 USD 1 Pound ≈ 0,453 Kilograms In ready lint cotton sales reported on … By continuing to browse this site you agree to its, 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. INDA, a global association of the nonwoven fabrics industry, has been... Pierre Wiertz He said this while presiding over a meeting of Cotton Crop Management Group (CCMG) at Central Cotton Research Institute (CCRI) Multan. While yesterday cotton was priced around Rs2,900 per maund bag or KG on daily basis are updated for your knowledge... 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