Benchmark cotton futures on ICE fell on Friday on pressure from a stronger dollar and weakness across the commodity markets, capping off a fourth straight weekly loss, the longest such streak for the second-month contract in nearly one year. "You've got a
Downside sentiment prevailed on the cotton market as mills in Pakistan continue to suffer from large yarn losses both domestically and on the export front. There was hope that the new cotton crop in Pakistan (August 2015 /July 2016) has just started but a
Downside sentiment prevailed on the cotton market as mills in Pakistan continue to suffer from large yarn losses both domestically and on the export front. There was hope that the new cotton crop in Pakistan (August 2015 /July 2016) has just started but a
Improved business activity was seen on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4600, dealers said. Seed cotton prices in Sindh were at Rs 2200-2300 and in Punjab rates were at Rs 22
The July vaida was lower and December vaida was unchanged on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The July vaida closed at Rs 1836.00 and it opened with a decline of Rs 2.00 to Rs 1834.00 in the early
Benchmark cotton prices on ICE rose for the second straight day on Thursday, continuing a rebound from three-month lows after the release of a stronger-than-expected export sales report, while the weaker dollar provided additional support. "We're just com
Modest trading was seen on the wholesale grain market on Thursday in the process of trading, dealers said. On the seeds side, castor seeds Lasbela gained Rs 100 to Rs 2800, Castor seeds Sindh picked up Rs 50 to Rs 2850 and castor seeds Lakhra rose by Rs 1
Lean business was seen on the wholesale grain market on Wednesday in the process of trading, dealers said. On the rice sector, Irri-6 Sindh low type was up by Rs 50 to Rs 3025 and the best quality, however, was down by Rs 25 to Rs 3050, other types mainta
Prices showed soft trend on the cotton market on Wednesday in the absence of leading buyers' interest amid Eid-ul-Fitr holidays' session, dealers said. The official spot rate was down by Rs 100 to Rs 4600, dealers said. Seed cotton prices in Sindh followe
Benchmark cotton futures on ICE hit a three-month low on Wednesday but recovered to close higher for the first time in four sessions as extensive recent losses prompted investors to cover short positions and enticed physical buying from mills. "The bears
The government is yet to decide about the cotton intervention price for the current season, which is likely to deprive the growers of due benefits, official sources told Business Recorder. The sub-committee of National Assembly Standing Committee o
The Executive Committee of Pakistan Cotton Ginners Association (PCGA) has rejected the 0.3 percent withholding tax on bank transactions describing it detrimental to the business community and announced to join the protest movement of traders across the co
Benchmark cotton futures on ICE fell for the third straight session on Tuesday, hitting their lowest levels in nearly three months, as speculators liquidated long positions and refrained from buying as the downward trend of recent weeks continued.
There is considerable food for thought for members in both the houses of parliament (National Assembly and Senate) as well as the federal government in the third quarterly report of State Bank of Pakistan (SBP). The opposition members need to hold the gov
Benchmark cotton futures on ICE fell on Monday to their lowest levels in nearly three months, as several commodities took sharp losses and the US dollar hit its highest level since April. "We had a risk-off day across the board," said Louis Rose, an indep
Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation.
China has sold 8.78 percent of the cotton on offer from its state reserves after the first week of sales, confirming expectations of poor demand. Beijing is aiming to sell as much as 1 million tonnes of fibre from state stocks by the end of August as part
Benchmark cotton futures on ICE gained on Thursday, buoyed by better-than-expected export sales data and technical support. Weekly US exports for the current crop year that runs through end-July jumped nearly 70 percent week over week, government data sho
The festival of Eid brings joy and happiness on every face. The occasion enhances the spirit of peace, harmony, love, and delight. It is the best time of the year for families and friends to meet and celebrate the joy of the Eid. The occasion is specially
The dos and donts of economics have to be understood before unilateral decisions are taken. Increasingly, the perfunctory nature of the decisions are coming out in the economy. The USA got its independence from the colonial powers on the basis of the Bost
Pakistan Cotton Ginners Association's (PCGA) Central Executive Committee has announced the schedule for election 2015-16. According to the schedule, the election for chairman and vice-chairmen of PCGA will be held on September 22. An election committee he
Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation.
Egypt's stock market continued rebounding on Thursday from 15-month lows, buoyed by positive corporate news, while Gulf bourses moved little as Eidul-Fitr holidays began in the region. The Cairo benchmark added 1.8 percent to 8,023 points as property name
Due to a spate of public holidays in Pakistan extending from 17 July, 2015 to 21 July, 2015 as announced by the government due to the Eid-ul-Fitr, business activity has mostly ceased as the various markets will remain closed for five days. Moreover, there