Day on day spot prices lost around US cent 0.5 a pound. Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on. 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 … Pakistan: local cotton prices firm 14:30 GMT 11/12/2017 . Copyright © 2020. The premium for Corc North fuzzy truck sits at about $25 over California pima. 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. text-align: center; In ready lint cotton sales reported on … “The largest cotton producer district of Pakistan, Sanghar, has been affected badly,” he said. Cotton price have reached almost four months high level in the third week of November, increasing by 200 per maund. The daily arrivals have also increased … A maund of Cotton is currently priced at Rs. 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. Cotton prices have increased even more last week as a maund of cotton is now selling at Rs300 higher. }. Farmers prefer to grown cotton because it is considered as cash crop and … width:auto; 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. 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. 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. 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 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. Spot Cotton Rates Drop Across North & Central Indian Mandis, Steady in A.P-Telangana, Karnataka. More than 1,800 cotton bales changed hands on Saturday while ex-gin price per maund remained firm at Rs 7,000 per maund. The stable cotton prices in Pakistan are demanding for better grades. He said this while presiding over a meeting of Cotton Crop Management Group (CCMG) at Central Cotton Research Institute (CCRI) Multan. For the last few days, cotton prices have stuck to the level of Rs2650 per maund. 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. Pakistan has received offers and now export of raw cotton has been initiated to Bangladesh, Indonesia and Vietnam, resultantly increasing price of the commodity. Cotton prices in Sindh reached to Rs8,550 to Rs8,700 per maund, while prices moved up to Rs8,900 to Rs9,300 in Punjab and Rs8,600 to Rs8,700 in Balochistan. Sedo Treepoint GmbH. Cotton stocks also climbed 27% on the month to 1,714 RBs. We use cookies for better user experience. Head honchos, Athleisure is the current buzzword in fashion. A maund, a unit commonly used for ginned cotton in the country, is equivalent to 37.324 kilograms. in Cotlook Indices, A index was at 56.10 and B Index was at 53.40. Sidwin Fabric. RAHIMYAR KHAN - Due to apprehensions of lower domestic cotton production against earlier estimates for the current year, the cotton ginners have prompted with e-Paper Today's Paper He said this while presiding over a meeting of Cotton Crop Management Group (CCMG) at Central Cotton Research Institute (CCRI) Multan. Ginners and growers said rainwater affected around 20 to 22 percent of the standing crops. Cotton prices in Sindh reached to Rs8,550 to Rs8,700 per maund, while prices moved up to Rs8,900 to Rs9,300 in Punjab and Rs8,600 to Rs8,700 in Balochistan. Average spot price in US cents per Pound for Upland cotton (color 41, leaf 4, staple 34) As of: Wednesday, December 2, 2020 Source: USDA Market News. Devereux. What was a $25 per ton spread between Lubbock North and Arizona has now widened to a $45 per ton spread. Cotton production in largest cotton producer state of the US, Texas, has also been affected while crop is also under threat in Mexico. 100 per maund (37.324 kilograms) to Rs. Punjab produces 70 percent of the cotton in the country. old cotton price in khammam market 5,300₹ per 100kgsplz like and subscribe to my channelshare to all farmers to know the price Cotton prices across the country hit their highest level. .ads_between_content{ In Sindh, Cotton prices increased Rs300 to Rs350 per maund during the outgoing week because of a decline in supply due to heavy rains. 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 prices are expressed in US dollars per 100lbs (1 CFD contains 100lbs, 1 lot contains 1000 of 100-lbs equivalent cotton bales). Robert... Sweta Agarwal 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. Golfwear and menswear brand Devereux is set for greener pastures. Textiles Yarn prices have also shown increase in recent months while the large spinning units are said to be faring much better. Though substandard seed issue remained there, crop survived in rain so far. } “Ginners of Dherki and Rahim Yar Khan sold some 5,000 bales of prime-quality cotton at the rate of Rs5,000 per maund today (Thursday),” said a senior cotton … "Yes, my confidence and positive attitude are my strengths and should be... Robert Brunner The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October. Thus, they kept the cotton stocks. Cotton prices go down by Rs800 per maund in local market in one week | On 5th Dec 2020. The Karachi Cotton Association on Wednesday fixed the official spot rate, or base price, for Grade 3 cotton at 8,038 rupees per maund (40 kg). Spot rate committee of Karachi Cotton Association increased spot rate by Rs300 per maund to Rs8,900 per maund. Experts have given various reasons for this surprise surge in the prices; imminent rupee devaluation, lack of quality cotton and lower than expected output. 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. Due to quality issue, mills in the province purchased lint from Punjab, where cotton prices touched the highest rate of season at Rs9,300 per maund. Meanwhile Lower Rajsthan cotton rates dropped upto Rs 300 per … Please fill in your details to download the Table of Contents of this report for free. On this page you can see latest cotton prices / phutti rates in Pakistan today 2020. Cotton is major crop grown in Pakistan. However, they need lint now due to an increase in export orders. “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. Recent days have seen Cotton prices escalate sharply. The AWP for cotton is 58.63 cents/lb. Latest News on Cotton. The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October. Meanwhile Lower Rajsthan cotton rates dropped upto Rs 300 per … Cotton prices in 2010-11 touched record level at Rs1,400 per maund, triggered by a surge in crude oil prices which totally upset world economies and resulted in price … The Karachi Cotton Association on Thursday fixed the official spot rate, or base price, for Grade 3 cotton at 7,234 rupees per maund (40 kg). 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2020 cotton price per maund today