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Cotton

Cotton

Elahi steps up criticism on government

Pakistan Muslim League-Q (PML) senior central leader and former Deputy Prime Minister Chaudhry Pervez Elahi have said the PML-N government has ruined agriculture sector and financially crippled the farming community. "As the farmers had already suffered h
Published 26 May, 2015 12:00am
Cotton

Thousands worldwide march against Monsanto and GM crops

Thousands of people hit the streets in cities across the world Saturday to protest against the American biotechnology giant Monsanto and its genetically modified crops and pesticides. The third annual March Against Monsanto - begun by the Occupy movement
Published 25 May, 2015 12:00am
Cotton

The low interest rate challenge

The State Bank of Pakistan has reduced its policy rate by one percent or 100 bps; it has, however, protected the small saver by keeping the floor at five percent and slashing the rate only by half (0.5 percent). Priority, this move will primarily impact l
Published 25 May, 2015 12:00am
Cotton

Farmers warned of pest, viral attacks on sugarcane crop

The Met Office has warned the farmers of pest and viral attacks on sugarcane crop following the recent rains, and urged them for timely precautionary measures. "Pest/viral attacks are expected after recent rains on sugarcane crop," Met Office said here on
Published 24 May, 2015 12:00am
Cotton

Modest business on grain market

Modest trading was seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Masoor Canada was lower by Rs 700 to Rs 9400 and Rs 9800, Masoor Dall Canada followed suit, low type lost Rs 1400 to Rs 11000 a
Published 24 May, 2015 12:00am
Cotton

Oil cake market rates

Both the futures were down on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The May vaida closed at Rs 1749.80 on Thursday and it commenced with a decline of 30 paisa at Rs 1749.50 in the morning session, they
Published 24 May, 2015 12:00am
Cotton

Cotton market: rates stabilise amid modest trade

Prices held the overnight firmness on the cotton market on Saturday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 2400 bales changed hands between Rs 4500-5300,
Published 24 May, 2015 12:00am
Cotton

Cotton posts largest weekly loss in six months on stronger dollar

ICE cotton futures fell for the fifth straight session, ending their worst week in more than six months as a stronger dollar continued to prompt speculator liquidation, though traders noted prices remained locked in a tight trading range. "We're back at t
Published 23 May, 2015 12:00am
Cotton

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.279 billion as compared to PKR 1.88 billion reported on Wednesday, an increase of 21 percent. The number of lots traded also increased by 70 percent to 12,536 from 7,375. PMEX Commo
Published 23 May, 2015 12:00am
Cotton

Cotton market: prices firm on strong demand

Steady trend prevailed on the cotton market on Friday as millers were ready to pay above the psychological levels, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 2800 bales changed hands between R
Published 23 May, 2015 12:00am
Cotton

Cotton hits four-week low, records 4th straight day of losses

ICE cotton futures fell for the fourth straight day on Thursday, hitting a four-week low after failing to maintain session highs hit immediately following the release of the US government's weekly export sales report, which traders said was supportive. "W
Published 22 May, 2015 12:00am
Cotton

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.88 billion. The number of lots traded was 7,375. PMEX Commodity Index increased by 0.12 percent and closed at 2,729. Major business was contributed by crude oil amounting to PKR 1.
Published 22 May, 2015 12:00am
Cotton

Oil cake market rates

The May vaida was lower on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The May vaida closed at Rs 1750.00 on Wednesday and it commenced with a decline of 20 paisa at Rs 1749.80 in the morning session, they sa
Published 22 May, 2015 12:00am
Cotton

Rates move up further on persistent demand

Prices moved higher on the cotton market on Thursday on persistent demand mills and spinners, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 7000 bales changed hands between Rs 5400-5800, they sai
Published 22 May, 2015 12:00am
Cotton

Cotton prices maintain high levels

With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
Published 22 May, 2015 12:00am
Cotton

Cotton prices maintain high levels

With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
Published 22 May, 2015 12:00am
Cotton

Mixed patterns on grain market

Several changes were witnessed on the wholesale grain market on Thursday in the process of moderate trading, dealers said. On the cereals side, wheat new Bardan gained Rs 50 to Rs 3150, Moong Punjab lost Rs 750 to Rs 10,000, Urad Burma followed same trend
Published 22 May, 2015 12:00am
Cotton

Oil cake market rates

Falling trend was seen on the forward cottonseed oilcake market on Wednesday in the process of trading, dealers said. The May vaida closed at Rs 1750.30 on Tuesday and it commenced with a decline of 30 paisa at Rs 1750.00 in the morning session, they said
Published 21 May, 2015 12:00am
Cotton

Cotton market: trading activity improves on tight supply

Trading activity improved marginally on the cotton market on Wednesday amid persistent demand by mills and spinners amid short supply of lint cotton, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, over 3
Published 21 May, 2015 12:00am
Cotton

Lean business on grain market

Modest trading was seen on the wholesale grain market on Wednesday in the process of trading, dealers said. On the cereals side, Makai was down by Rs 25 to Rs 2600-2625, Masoor Dall Canada, however, was higher by Rs 100 to Rs 12200-12600, other commoditie
Published 21 May, 2015 12:00am