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Cotton market quiet due to extended holidays
Cotton

Cotton market quiet due to extended holidays

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
Published 17 Jul, 2015 12:00am
Cotton market quiet due to extended holidays
Cotton

Cotton market quiet due to extended holidays

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
Published 17 Jul, 2015 12:00am
Modest trade amid pre-holidays session
Cotton

Modest trade amid pre-holidays session

Modest trading was seen on the cotton market on Thursday as main buyers were conspicuous by their absence amid Eid-ul-Fitr holidays session, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at R
Published 17 Jul, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The July vaida was up on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The July vaida closed at Rs 1836.20 and it opened with 20 paisa gain at Rs 1836.40 in the early session, they said. The December vaida ende
Published 17 Jul, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A few changes were seen on the wholesale grain market on Thursday as leading buyers were conspicuous by their absence, dealers said. On the cereals side, Masoor Dall Canada was higher by Rs 500 to Rs 11300 and Rs 11400, other commodities maintained overni
Published 17 Jul, 2015 12:00am
Dwindling exports: no strong recovery in sight
Kerb

Dwindling exports: no strong recovery in sight

The State Bank of Pakistan does not expect Pakistan's export to recover strongly in the near future due to exogenous factors, as well as domestic structural problems. Giving a detailed analysis in the Third Quarterly Report, SBP feels that all the relevan
Published 17 Jul, 2015 12:00am
Dwindling exports: no strong recovery in sight
Kerb

Dwindling exports: no strong recovery in sight

The State Bank of Pakistan does not expect Pakistan's export to recover strongly in the near future due to exogenous factors, as well as domestic structural problems. Giving a detailed analysis in the Third Quarterly Report, SBP feels that all the relevan
Published 17 Jul, 2015 12:00am
Dwindling exports: no strong recovery in sight
Kerb

Dwindling exports: no strong recovery in sight

The State Bank of Pakistan does not expect Pakistan''s export to recover strongly in the near future due to exogenous factors, as well as domestic structural problems. Giving a detailed analysis in the Third Quarterly Report, SBP feels that all the releva
Published 17 Jul, 2015 12:00am
Dwindling exports: no strong recovery in sight
Kerb

Dwindling exports: no strong recovery in sight

The State Bank of Pakistan does not expect Pakistan''''s export to recover strongly in the near future due to exogenous factors, as well as domestic structural problems. Giving a detailed analysis in the Third Quarterly Report, SBP feels that all the rele
Published 17 Jul, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (July 16, 2015).

Published 17 Jul, 2015 12:00am
Cotton futures fall to tree-week low as dollar rallies
Cotton

Cotton futures fall to tree-week low as dollar rallies

Benchmark cotton futures on ICE dropped to a three-week low on Wednesday in a broad-based commodities sell-off, weighed by a stronger US dollar. "We came out of the box today with the dollar firming up, grains and crude (oil) under pressure," said Jobe Mo
Published 17 Jul, 2015 12:00am
China cotton imports drop by over a quarter in June
Cotton

China cotton imports drop by over a quarter in June

Chinese cotton imports dropped nearly 26 percent in June from the year before as relatively high international prices and a lack of quotas for shipments curbed appetite for overseas purchases. The world's top consumer of the fibre imported 161,800 tonnes
Published 16 Jul, 2015 12:00am
Cotton market: business slowdown ahead of holidays
Cotton

Cotton market: business slowdown ahead of holidays

Volume of business slowed down on the cotton market on Wednesday as mills and spinners were on the sidelines ahead of Eid holidays, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs 2300-23
Published 16 Jul, 2015 12:00am
Cotton futures rise as low prices, chart signals lure buyers
Cotton

Cotton futures rise as low prices, chart signals lure buyers

Benchmark cotton futures on ICE gained the most since late June on Tuesday, as low prices and key chart levels stoked buying. "We saw quiet a bit of buying around 65 cents (per lb)," said Louis Rose, an independent cotton trader and consultant at Risk Ana
Published 16 Jul, 2015 12:00am
Appointment of textile minister likely
Cotton

Appointment of textile minister likely

The Prime Minister's Office has reportedly vetoed the recommendation of the Cabinet Committee on Restructuring (CCoR) for merging the textile ministry with the commerce ministry, it is learnt. The CCoR meeting held on March 27, 2015 and chaired by federal
Published 16 Jul, 2015 12:00am
Appointment of textile minister likely
Cotton

Appointment of textile minister likely

The Prime Minister's Office has reportedly vetoed the recommendation of the Cabinet Committee on Restructuring (CCoR) for merging the textile ministry with the commerce ministry, it is learnt. The CCoR meeting held on March 27, 2015 and chaired by federal
Published 16 Jul, 2015 12:00am
Appointment of textile minister likely
Cotton

Appointment of textile minister likely

The Prime Minister''s Office has reportedly vetoed the recommendation of the Cabinet Committee on Restructuring (CCoR) for merging the textile ministry with the commerce ministry, it is learnt. The CCoR meeting held on March 27, 2015 and chaired by federa
Published 16 Jul, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (July 15, 2015).

Published 16 Jul, 2015 12:00am
Textiles need support, not isolation
Cotton

Textiles need support, not isolation

The stakeholders in the textile trade want the federal government to maintain an independence status of Ministry of Textile, while the establishment wants its merger with Commerce Ministry (MoC) - a situation that existed before the bifurcation. In essenc
Published 16 Jul, 2015 12:00am
Farmers warned of viral, pest attacks on crops
Cotton

Farmers warned of viral, pest attacks on crops

Farmers of rain-fed parts in upcountry have been advised to sow maize following the continuing monsoon rains, besides warned of viral and pest attacks on their corps. The Met Office also advised the farmers to remove weeds, which are expected to grow, fro
Published 16 Jul, 2015 12:00am
Easier trend persists on grain market
Cotton

Easier trend persists on grain market

Most of commodities drifted lower on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the cereals side, Makai easier quality was down by Rs 190 to Rs 1935 and the good type was lower by Rs 150 to Rs 2000, they said.
Published 15 Jul, 2015 12:00am
Modest trade activity on cotton market
Cotton

Modest trade activity on cotton market

Trade activity was modest on the cotton market on Tuesday as major buyers were on the sidelines due to quality factor, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs 2300-2350 and in Pun
Published 15 Jul, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

A downward trend persisted on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The July vaida closed at Rs 1836.30 and it opened with 10 paisa loss at Rs 1836.20 in the early session, they said. The December vaida
Published 15 Jul, 2015 12:00am
ICE cotton ends unchanged after last week's drop
Cotton

ICE cotton ends unchanged after last week's drop

Benchmark cotton prices on ICE were unchanged on Monday, buoyed by buying at key chart support even as worries lingered from a surprise drop in the US government's demand forecast. Cotton news over the past week was a "mixed bag but mostly not good for pr
Published 15 Jul, 2015 12:00am
Cotton futures rise as low prices, chart signals lure buyers
Cotton

Cotton futures rise as low prices, chart signals lure buyers

Benchmark cotton futures on ICE gained the most since late June on Tuesday, as low prices and key chart levels stoked buying. "We saw quiet a bit of buying around 65 cents (per lb)," said Louis Rose, an independent cotton trader and consultant at Risk Ana
Published 15 Jul, 2015 12:00am
Gadoon Textile Mills Limited
Currency

Gadoon Textile Mills Limited

Pakistan's largest spinning mill, Gadoon Textile Mills Limited is another success story of the prolific Yunus Brothers Group, which is the largest export house and cement manufacturer in Pakistan. Established in 1988, Gadoon was initially set up to provid
Published 15 Jul, 2015 12:00am