Domestic cotton prices slumped by Rs 300 to Rs 400 per maund (37.32 Kgs) within a week because of increased arrivals of seedcotton (Kapas/Phutti), particularly in the Punjab Moreover, increases in the prices of gas, power and petrol have also adversely affected the working of the textile industry in Pakistan. Indeed the prices of seedcotton have gone down by Rs 200 to Rs 300 per 40 Kilogrammes. Thus on Thursday the prices of seedcotton in Sindh said to have ranged from Rs 2600 to Rs 3050 per

The Cotton Ginners Association (CGA) has revealed that cotton output for the 2013 marketing season declined by 59 percent owing to poor rainfall patterns and the low producer price. Statistics from CGA show that 143 million kilograms of cotton seed were sold during the 2013 marketing season compared to 350 million in 2012. The 2013 marketing season, which began at the end of April, closed in August 2013. Depending on the season and size of crop, the marketing of seed cotton usually takes p

Textile Raw Material Price 2013-09-29 Item Price Unit Fluctuation Date Oil WTI 103.03 USD/Barrel -0.1 2013-09-29 PX 1505 USD/Ton 2 2013-09-29 PTA Buy 7640 RMB/Ton -20 2013-09-29 PTA Sell 1050 USD/Ton -5 2013-09-29 MEG Buy 7830 RMB/Ton 20 2013-09-29 MEG Sell 1058 USD/Ton 3 2013-09-29 CPL Buy 18500 RMB/Ton 0 2013-09-29 CPL Sell 2380 USD/T

Textile Raw Material Price 2013-09-27 Item Price Unit Fluctuation Date Oil WTI 103.13 USD/Barrel -0.46 2013-09-27 PX 1503 USD/Ton 3 2013-09-27 PTA Buy 7660 RMB/Ton -20 2013-09-27 PTA Sell 1055 USD/Ton -3 2013-09-27 MEG Buy 7810 RMB/Ton -20 2013-09-27 MEG Sell 1055 USD/Ton -8 2013-09-27 CPL Buy 18500 RMB/Ton 0 2013-09-27 CPL Sell 2380 US

Textile Raw Material Price 2013-09-26 Item Price Unit Fluctuation Date Oil WTI 103.59 USD/Barrel 0 2013-09-26 PX 1500 USD/Ton 6 2013-09-26 PTA Buy 7680 RMB/Ton 0 2013-09-26 PTA Sell 1058 USD/Ton -2 2013-09-26 MEG Buy 7830 RMB/Ton -50 2013-09-26 MEG Sell 1063 USD/Ton -7 2013-09-26 CPL Buy 18500 RMB/Ton 0 2013-09-26 CPL Sell 2370 USD/Ton

Cotton futures in India, the world's second-largest grower, are expected to rise this week as rains could hamper harvesting and delay supplies from the new season crop while depleting stocks may aid the upside. Fresh produce of cotton typically starts arriving in local markets from September-end or October but rains during harvesting could cause delays and increase the moisture content in the crop. "Rains during the harvesting period could push back supplies from the new crop. Already ther

Amid slow phutti (seed cotton) arrivals, raw cotton prices moved higher when trading resumed on Tuesday. Fearing short crop, many spinners and exporters rushed to build upon their inventories. Floor brokers said that growing gap between demand and supply is a cause of concern for the entire textile chain. Many fear that if arrival of phutti in the Punjab does not improve within a fortnight, this would mean that the cotton crop is substantially short. The Cotton Crop Assessment Committe

Textile Raw Material Price 2013-09-25 Item Price Unit Fluctuation Date Oil WTI 103.59 USD/Barrel -1.08 2013-09-25 PX 1494 USD/Ton 8 2013-09-25 PTA Buy 7680 RMB/Ton -20 2013-09-25 PTA Sell 1060 USD/Ton -3 2013-09-25 MEG Buy 7880 RMB/Ton 0 2013-09-25 MEG Sell 1070 USD/Ton -3 2013-09-25 CPL Buy 18500 RMB/Ton 0 2013-09-25 CPL Sell 2370 USD/

Decline in cotton production by Cotton Crop Assessment Committee (CCAC) is likely to give a boost to prices, dealers on the cotton market said on Monday. The official spot rate was inert at Rs 6,900, they said. Prices of low type of seed cotton in Sindh and Punjab per 40 kg were firm at Rs 3,100, while the best variety was up by Rs 50 to Rs 3300, dealers said. In the ready session, around, 11,000 bales of cotton changed hands between Rs 6950-7050, they said. Some analysts said ginners might try

Australian wool markets continued this week on the weakening trend initiated at the last series of auctions. In a seemingly very controlled fashion, the market drifted lower from the onset of selling and by the close, all sections of the offering had had 20 to 30acents wiped from their values. Whilst the larger offerings over this week and the forecast volumes in the upcoming month has taken the pre-existent pressure off exporters, there remains a surprisingly upbeat positive view of the lon