Reduction in cotton prices

Related Keywords: commodity prices, cotton, cotton crop, cotton markets, cotton prices, ginneries, phutti, yield

Karachi
Summary: 
The world leading cotton markets gave mixed trend with New York cotton closing steady and Chinese cotton moved lower. The following deals were reported to have changed hands on ready counter: 4,000 bales, station Tando Adam, at Rs 8,900 to Rs 9,200;1,000 bales, Hyderabad, at Rs 9,000 to 9100; 1,600 bales, Sanghar, at Rs 8,900 to Rs 9,100; 2,000 bales, Shahdadpur, at Rs8,950 to Rs9,200; 1,000 bales, Kotri, at Rs8,900 to Rs9,100; 200 bales, Haroonabad, at Rs 8,900; 200 bales, Burewala, at Rs 8,900; 200 bales, Jhang, at Rs 8,950; and 200 bales, Chichawatni, at Rs 8,950.

The world leading cotton markets gave mixed trend with New York cotton closing steady and Chinese cotton moved lower. The following deals were reported to have changed hands on ready counter: 4,000 bales, station Tando Adam, at Rs 8,900 to Rs 9,200;1,000 bales, Hyderabad, at Rs 9,000 to 9100; 1,600 bales, Sanghar, at Rs 8,900 to Rs 9,100; 2,000 bales, Shahdadpur, at Rs8,950 to Rs9,200; 1,000 bales, Kotri, at Rs8,900 to Rs9,100; 200 bales, Haroonabad, at Rs 8,900; 200 bales, Burewala, at Rs 8,900; 200 bales, Jhang, at Rs 8,950; and 200 bales, Chichawatni, at Rs 8,950.

https://www.dawn.com/news/1423945/commodities-cotton-prices-move-lower
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With arrivals at 90,000 bales a day at market yards market is stable

Related Keywords: cotton farmers, Cotton market, cotton prices, huge stock of yarn, Indian cotton as the fibre from India is not standardized, Indian Cotton Federation, quality cotton, spinning sector, Textile scenario, yarn sector

Mumbai
Summary: 
When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”

When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”

https://www.thehindubusinessline.com/economy/agri-business/cotton-body-sees-a-stable-situation-on-higher-stocks/article23686266.ece
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Vardhman Textiles starts hedging cotton prices on MCX

Related Keywords: constitutes more than four percent, cope up with the persistent volatility, cotton prices, country’s yarn production capacity, MCX, on Multi Commodity Exchange of India Ltd., Punjab based major integrated textile producer in India, started hedging, to maintain its margins, Vardhman Textiles Ltd, VTL

Mumbai
Vardhman Textiles starts hedging cotton prices on MCX
Summary: 
Vardhman Textiles Ltd (VTL) a Punjab based major integrated textile producer in India to cope up with the persistent volatility in cotton prices has started hedging on Multi Commodity Exchange of India Ltd. (MCX).

Vardhman Textiles Ltd (VTL) a Punjab based major integrated textile producer in India to cope up with the persistent volatility in cotton prices has started hedging on Multi Commodity Exchange of India Ltd. (MCX).

It is of vital importance for VTL to hedge cotton prices, as it constitutes more than 4 percent of the country’s yarn production capacity. They believe that hedging the cotton prices will help VTL to maintain its margins.

https://www.indiainfoline.com/article/news-top-story/vardhman-textiles-starts-hedging-on-mcx-for-cotton-prices-118030100053_1.html
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Trading activity at cotton market returns

Related Keywords: activity remained restricted, After losing ground, cotton bales, cotton prices, Cotton prices moved higher, KCA, KCE, last fortnight, once again picked up, short supply of lint stocks, spot rate, strong demand for quality lint on Monday

Karachi
Trading activity at cotton market returns
Summary: 
After losing ground during last fortnight, cotton prices once again picked up. Cotton prices moved higher on strong demand for quality lint on Monday. However, activity remained restricted due to short supply of lint stocks.

After losing ground during last fortnight, cotton prices once again picked up. Cotton prices moved higher on strong demand for quality lint on Monday. However, activity remained restricted due to short supply of lint stocks.

It was interesting to note that prices once again moved beyond Rs7,000 per maund, with the highest rate quoted at Rs7,500 per maund. However, short supply of quality cotton owing to falling cotton stocks restricted activity, leaving many spinners disappointed.

https://www.dawn.com/news/1391924
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India's home textile exports share market to US remains dull

Related Keywords: ability to renegotiate product prices, backdrop of the rising raw material prices, cotton prices, cotton sheet, during current year 2017, home textile exports, India market share, key monitorable, remain flat, rupee appreciation, terry towels, US market

Mumbai
India's home textile exports share market to US remains dull
Summary: 
India’s market share in home textile exports to the US (sum of all products) remained flat YoY at 33% during the current year 2017. Ability to renegotiate product prices in the backdrop of the rising raw material prices and rupee appreciation will be the key monitorable.

India’s market share in home textile exports to the US (sum of all products) remained flat YoY at 33% during the current year 2017. Ability to renegotiate product prices in the backdrop of the rising raw material prices and rupee appreciation will be the key monitorable.

India’s market share (in dollar terms) in cotton sheets increased 1ppt YoY to 50% in CY17. India has been consistently gaining a 1ppt market share in cotton sheets each year since CY12.

http://www.financialexpress.com/market/indias-share-in-home-textile-exports-to-us-remains-flat/1073467/
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Cotton prices moving further lower

Related Keywords: after dull trading activity cotton market, cotton bales, cotton prices, falling cotton prices, impacted phutti negatively, KCA, KCE, moving further lower on Tuesday, Punjab quality, Sindh variety, Spinners, spot rate, Textile spinning sector

Karachi
Cotton prices moving further lower
Summary: 
Cotton prices moving further lower on Tuesday after dull trading activity at cotton market. Falling cotton prices also impacted phutti (seed cotton) negatively, with Punjab quality being quoted between Rs2,700-2,900 and Sindh variety in the range of Rs2,700-3,300 per 40kg. Previously phutti prices were being quoted between Rs2,900-3,500 per 40kg.

Cotton prices moving further lower on Tuesday after dull trading activity at cotton market. Falling cotton prices also impacted phutti (seed cotton) negatively, with Punjab quality being quoted between Rs2,700-2,900 and Sindh variety in the range of Rs2,700-3,300 per 40kg. Previously phutti prices were being quoted between Rs2,900-3,500 per 40kg.

However, some buying interest was noted at the lower level as many spinners preferred to cover up their positions amid falling cotton prices.

https://www.dawn.com/news/1386280/cotton-prices-fall
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Asian fibre and yarn prices decline in December 2017

Related Keywords: acrylic staple fibre prices in China, asf prices in Asia, cotton fibre market in India, cotton prices, nfy prices in China, nylon filament yarn prices in China, pfy prices in China, pfy prices in India, pfy prices in Pakistan, polyester filament yarn prices, polyester staple fibre prices in China, psf prices in China, psf prices in India, psf prices in Pakistan, vfy prices in Asia, viscose filament yarn prices in China, viscose staple prices in China, vsf prices in Asia

Mumbai
Summary: 
Polyester staple fibre prices in December 2017 slipped in China amid cautious buying sentiment during the month. PSF manufacturers also reduced the operating rate due to insipid trading sentiment. In Pakistan, PSF prices inched up this month as demand was strong in polyester market. In India, PSF

Polyester staple fibre prices in December 2017 slipped in China amid cautious buying sentiment during the month. PSF manufacturers also reduced the operating rate due to insipid trading sentiment. In Pakistan, PSF prices inched up this month as demand was strong in polyester market. In India, PSF offers were steady during the month. In China, 1.4D PSF was down US cents 3 a kg as compared to November. In India, 1.2D PSF prices were up US cents 2 a kg from last month.

0

Cotton prices stabilizing with renewed buying interest

Related Keywords: Cotton market, cotton prices, fairly moderate activity, Ginners, import options, Karachi Cotton Association, replenished stocks at lower level, revival of buying interest, Spinners, spot rates unchanged, substantial export orders, trading ring

Karachi
Summary: 
Cotton prices stabilizing on Tuesday at cotton market with the revival of buying interest at the lower level. Many small- and medium-sized spinners actively rep­lenished their stocks at the lower level. Consequently, fairly moderate activity was noted when trading ring closed. How­ever, activity remained res­tricted as many leading spin­­ners looked for import options.

Cotton prices stabilizing on Tuesday at cotton market with the revival of buying interest at the lower level. Many small- and medium-sized spinners actively rep­lenished their stocks at the lower level. Consequently, fairly moderate activity was noted when trading ring closed. How­ever, activity remained res­tricted as many leading spin­­ners looked for import options.

0

Cotton spot rates decline in Pakistan

Related Keywords: cotton prices, maunds, spot rates of cotton, textile expenses

Karachi
Cotton spot rates decline in Pakistan
Summary: 
The spot rates of cotton have reduced by Rs100/maund as recorded at the Karachi Cotton Exchange. The spot rates decreased to Rs6,450/maund (37.324kg) and Rs6,912/40kg. Ex-Karachi rates also fell to Rs6,595/maund and Rs7,067/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

The spot rates of cotton have reduced by Rs100/maund as recorded at the Karachi Cotton Exchange. The spot rates decreased to Rs6,450/maund (37.324kg) and Rs6,912/40kg. Ex-Karachi rates also fell to Rs6,595/maund and Rs7,067/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively.

An analyst said the spot rates declined because of an increase in the arrivals. He added that demand remained still high in the market, but any arrival in bulk or decline in quality will decrease the prices.

https://www.thenews.com.pk/print/244271-Cotton-declines
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Cotton prices down despite considerable cotton cultivation

Related Keywords: 700 per quintal, 800 per quintal, attributed dip in prices, cotton prices, current trend in international market, despite area under cotton cultivation, former North India Cotton Association, gone up considerably in the state, initially touched Rs4, inventory piling up, now come down to Rs4, off take of yarn sluggish, president Ashok Kapur

Bathinda
Cotton prices down despite considerable cotton cultivation
Summary: 
The cotton prices that initially touched Rs4,800 per quintal is now come down to Rs4,700 per quintal despite the area under cotton cultivation has gone up considerably in the state, the former North India Cotton Association president Ashok Kapur attributed the dip in prices to the current trend in the international market. The farmers arriving with their produce in the grain market here are dejected with the low prices.

The cotton prices that initially touched Rs4,800 per quintal is now come down to Rs4,700 per quintal despite the area under cotton cultivation has gone up considerably in the state, the former North India Cotton Association president Ashok Kapur attributed the dip in prices to the current trend in the international market. The farmers arriving with their produce in the grain market here are dejected with the low prices.

http://www.tribuneindia.com/news/punjab/cotton-farming-up-prices-down/489873.html
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