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182,199

Cotton

Cotton

Oil cake market rates

Both the futures continued fall on forward cottonseed oilcake market on Monday in the process of trading, dealers said. The May vaida almost matured and closed at Rs 1749.50 on Saturday and it commenced with a decline of Rs 4.50 at Rs 1745.00 in the morni
Published 26 May, 2015 12:00am
Cotton

Cotton market: Lean business seen on confusion over GIDC

Trading activity came down on the cotton market on Monday as leading participants were confused about the issue of Gas Infrastructure Development Cess (GIDC), dealers said. As a result of slow business, the official spot rate down by Rs 50 to Rs 5450, dea
Published 26 May, 2015 12:00am
Cotton

Few changes on grain market

Small business activity was seen on the wholesale grain market on Monday in the process of trading, dealers said. On the cereals side, Khandsari was higher by Rs 500 to Rs 8500, other commodities maintained week-end levels, they said. On the seeds side, c
Published 26 May, 2015 12:00am
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

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