Poor response in the first tender compelled the Trading Corporation of Pakistan (TCP) to issue another tender for the sale of the remaining cotton procured from domestic market. Sources told Business Recorder Friday that although the state-run grai
Prices firm on the cotton market on Friday due to selective buying by mills and spinners, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs 1700-2200 and in the Punjab rates were at Rs 1723
Located in South Asia with an area of over 800,000 km and with a coast line of 1100 km, Pakistan borders Iran, Afghanistan, China and India and also provides the economic corridor to the newly created States of Central Asia which too is a market of nearly
Benchmark cotton futures on ICE Futures US hit a more than three-month low on Friday before recovering on a sharp move lower in the US dollar, but ended July down 6.8 percent for their worst month since September 2014. "Emerging markets are not buying ver
Poor response in the first tender compelled the Trading Corporation of Pakistan (TCP) to issue another tender for the sale of the remaining cotton procured from domestic market. Sources told Business Recorder Friday that although the state-run grai
Poor response in the first tender compelled the Trading Corporation of Pakistan (TCP) to issue another tender for the sale of the remaining cotton procured from domestic market. Sources told Business Recorder Friday that although the state-run grai
Pakistan share in global textile trade dropped from 2.2 percent to 1.8 percent during last five years and may go down to 1.5 percent by 2020 if the sector remains uncompetitive in the region with low power supply, high cost of doing business and desired r
Experts from the Punjab Agriculture department in an advisory issued on Thursday said that cotton farmers should drain water in fields or shift it to sugarcane or fodder crops in nearby fields. They also suggested that if drainage is impossible, it should
A mixed trend was seen on the wholesale grain market on Thursday in the process of trading, dealers said. On the cereals side, wheat new Bardan shed Rs 25 to Rs 3275, other commodities maintained overnight levels,
Raw cotton prices in Pakistan remain under pressure due to fear of rain damage which may produce water-laden lint due to the continuing rainfall in several parts of the cotton belt. Moreover, global weakness in cotton and yarn prices is also pressuring th
Raw cotton prices in Pakistan remain under pressure due to fear of rain damage which may produce water-laden lint due to the continuing rainfall in several parts of the cotton belt. Moreover, global weakness in cotton and yarn prices is also pressuring th
Spot rate was higher on the cotton market on Thursday amid moderate trading activity, dealers said. The official spot rate was up by Rs 50 to Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs 1700-2000, In Punjab, prices were at Rs 1700 and Rs
The December vaida was down on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 1301.50 and it opened with a fall of 50 paisa at Rs 1301.00, dealers said.
Benchmark cotton futures on ICE Futures US dropped to a more than three-month low on Thursday as speculators liquidated long positions to square their books ahead of the month's end, and the US dollar rose on expectations of an interest rate hike.
The trade bodies from all over the country, including small traders' organisations, under the banner of All Pakistan Anjuman-e-Tajiran, announced to observe shutter-down strike on August 1, 2015, (Saturday) against imposition of 0.3 percent withholding ta
The Kisan Board Pakistan (KBP) is organising a three-day seminar on "prosperous farmer - prosperous Pakistan on Thursday (today), where strategy for a long march will also be finalised to press the government for acceptance of farmers' demands. KBP Inform
Due to lack of quality-based pricing system and non-practising of the cotton standardisation system, Pakistani raw cotton is currently being traded at an average discount of 13 cents per pound in the international market, official sources revealed to B
A modest activity was seen on the wholesale grain market on Wednesday in the process of trading, dealers said. On the grams side, grams 50x50 lost Rs 200 to Rs 8500 and the grams Dal 50x50 followed same pattern, losing Rs 100 to Rs 9000, other commodities
Selective buying was seen on the cotton market on Wednesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4650, dealers said. Seed cotton prices in Sindh and Punjab were at Rs 1800-2300, they said. In the ready busine
The December vaida was higher on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 1300.50 and it opened with Re. one gain to Rs 1301.50, dealers said.
On Tuesday at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,157 million as compared to PKR 3,741 million reported on Monday, an increase of 38 percent. The number of lots traded also increased by 135 percent to 26.46 million from 11.25 milli
Benchmark cotton futures on ICE Futures US fell on Wednesday after failing to sustain moves above a key technical level despite a strong move upwards the prior session, with a stronger US dollar also providing pressure. "When we could not move above the 1
Short supply of seed cotton after monsoon rains pushed rates higher on the cotton market on Tuesday in the process of thin business, dealers said. The official spot rate gained Rs 50 to Rs 4650, dealers said. Seed cotton prices in Sindh and Punjab were at
On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,741 million. The number of lots traded was 11.25 million. PMEX Commodity Index closed at 2,569. Major business was contributed by gold amounting to PKR 2,888 million followed by cru