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Markets » Cotton

Elahi steps up criticism on government
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
Few changes on grain market
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 market: Lean business seen on confusion over GIDC
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
The low interest rate challenge
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
Thousands worldwide march against Monsanto and GM crops
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 market: rates stabilise amid modest trade
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
Oil cake market rates
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
Modest business on grain market
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
Farmers warned of pest, viral attacks on sugarcane crop
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 posts largest weekly loss in six months on stronger dollar
Cotton

Cotton posts largest weekly loss in six months on stronger dollar

ICE cotton futures fell for the fifth straight session, ending their worst week in more than six months as a stronger dollar continued to prompt speculator liquidation, though traders noted prices remained locked in a tight trading range. "We're back at t
Published 23 May, 2015 12:00am
Cotton market: prices firm on strong demand
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
Daily trading report of PMEX
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
Mixed patterns on grain market
Cotton

Mixed patterns on grain market

Several changes were witnessed on the wholesale grain market on Thursday in the process of moderate trading, dealers said. On the cereals side, wheat new Bardan gained Rs 50 to Rs 3150, Moong Punjab lost Rs 750 to Rs 10,000, Urad Burma followed same trend
Published 22 May, 2015 12:00am
Cotton prices maintain high levels
Cotton

Cotton prices maintain high levels

With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
Published 22 May, 2015 12:00am
Cotton prices maintain high levels
Cotton

Cotton prices maintain high levels

With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
Published 22 May, 2015 12:00am
Rates move up further on persistent demand
Cotton

Rates move up further on persistent demand

Prices moved higher on the cotton market on Thursday on persistent demand mills and spinners, dealers said. The official spot rate was unchanged at Rs 5500, dealers said. In the ready session, around 7000 bales changed hands between Rs 5400-5800, they sai
Published 22 May, 2015 12:00am