The Met Office has asked the growers of cotton belt to protect their standing crop from accumulated rainwater during the monsoon seasons. It said the growers should draw up a mechanism to drain out the stagnant rainwater from cotton fields and also take a
Agriculture scientists and experts at a conference stressed for coordinated efforts to combat Cotton Leaf Curl Virus (CLCuV) by developing disease-resistant cotton varieties to save billions of cotton bales from becoming prey to the virus every year. "The
A senior Collector of Customs has strongly apprehended that the clarification of the Federal Board of Revenue (FBR) issued to All Pakistan Textile Mills Association (APTMA) on the applicability of reduced rate of one percent income tax on the cotton impor
Responding to a report appearing in the Press recently that the government is considering to buy one million cotton bales at high prices from the market in order to support the growers, Amin Hashwani, Chairman, the Karachi Cotton Association (KCA) reitera
Mills and spinners showed persistent interest in fresh buying of fine quality to cover their requirement, dealers said on the cotton market on Friday. The official spot rate was unchanged at Rs 4,650, dealers said. Seed cotton prices in Sindh were lower b
ICE cotton futures hit a six-week high but settled little-changed on Friday as concerns about the upcoming US crop prevented merchant selling but a cross-commodities rout limited speculative buying. "Since the crop report, people are much more cautious,"
The domestic cotton market continues to remain steady due to some interruption in seedcotton (Kapas/Phutti) supplies because of rains and swelling of rivers over the past several weeks. However, this phenomenon could now recede and supplies restored in th
The domestic cotton market continues to remain steady due to some interruption in seedcotton (Kapas/Phutti) supplies because of rains and swelling of rivers over the past several weeks. However, this phenomenon could now recede and supplies restored in th
Active mills demand for fine quality helped prices to hold firmness on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 4,650, dealers said. Seed cotton prices in Sindh were unchanged at Rs 2450 and Rs 2550 and in Pu
The December vaida was lower on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 1303.90, it however, shed 10 paisa at Rs 1303.80 in the early session, dealers said.
On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 21,098 million. The number of lots traded was 116.362 million. PMEX Commodity Index closed at 2,491.
ICE cotton futures approached a six-week high on Thursday as speculators took advantage of a lack of hedge selling from producers, following last week's US government crop forecast that cut US production expectations more than expected. "That's not a clea
An independent think tank, Institute of Policy Research, has expressed fears that a series of mini-budgets would be needed in the current financial year as corrective policy actions since the outcome in the first month (July) are not very promising. Thus,
ICE cotton futures fell for the first time in six sessions on Wednesday, after a five-day rally following the release of a bullish US government crop forecast, as producers saw price levels near 5-1/2 week highs as a good selling opportunity. "Producers a
A rising trend persisted on the grain market on Wednesday in the process of hectic trading, dealers said. On the cereals side, Moong Punjab was higher by Rs 500 to Rs 9500, Urad Burma followed same pattern, gaining Rs 250 to Rs 13750 and wheat Bardan, how
Tight supply of seed cotton helped the rates to improve with gradual pace on the cotton market on Wednesday, dealers said. The official spot rate was unchanged at Rs 4,650, dealers said. Seed cotton prices in Sindh were unchanged at Rs 2450 and Rs 2550 an
The December vaida extended overnight gains on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 1303.20 and it rose by 70 paisa at Rs 1303.90 in the early session, dealers said.
National Assembly Standing Committee on Commerce on Wednesday criticised Commerce Ministry on the continuous decline in exports during the last two years. Presided over by Siraj Muhammad Khan, who defied Chairman PTI by attending National Assembly session
National Assembly Standing Committee on Commerce on Wednesday criticised Commerce Ministry on the continuous decline in exports during the last two years. Presided over by Siraj Muhammad Khan, who defied Chairman PTI by attending National Assembly session
National Assembly Standing Committee on Commerce on Wednesday criticised Commerce Ministry on the continuous decline in exports during the last two years. Presided over by Siraj Muhammad Khan, who defied Chairman PTI by attending National Assembly session
The National Assembly's Standing Committee on Textile Industry Wednesday recommended a package for cotton growers including zero percent sales tax on fertilisers/pesticides, relief in energy prices and government's intervention in the cotton market to pro