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June cotton arrivals hit record; prices stable


June cotton arrivals hit record; prices stable
July 4, 2021
KARACHI: Cotton arrivals reached around 100,000 bales in June with the start of new season, bringing prices back to stable mode, sources said on Saturday.
Trade volume increased in the local market during the outgoing week, as spinners took interest in the buying, while prices in the local as well as international market remained stable, traders said.
With start of the new cotton season, Karachi Cotton Association’s spot rate committee started recording new rates and issuing new spot rate, which was increased by Rs300 to Rs12,900 per maund.
Cotton prices in Sindh were between Rs12,800 and Rs13,000 per maund, while seed-cotton rates varied between Rs5,600 to Rs6,000 per 40-kg. Cotton rates in the Punjab were between Rs13,500 ....

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Growers await support price amid new cotton arrivals


Growers await support price amid new cotton arrivals
Business
May 23, 2021
KARACHI: Partial trading started at the local market with the arrival of new cottonseed after long Eid holidays; however growers are still waiting for the support price, traders said.
Ginners were seen purchasing cottonseed at the rate of Rs5,000 to Rs5,500 per 40-kg, marking the beginning of new cotton season. Usually, cotton season starts in July in Pakistan and ends in June.
Besides, some deals of new cotton were also witnessed. One such deal of Sindh cotton was recorded in Burewala at Rs12,500 per maund, whose delivery would be given between June 10 to 20. Similarly, a deal of 600 bales of Tando Adam and a deal of 200 bales of Sanghar were finanlised at Rs12,200 per maund with delivery from June 10 to 20. ....

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