Karachi Cotton Exchange on Monday witnessed active trading, while spot rate remained firm at Rs6,350/maund (37.324 kg) and Rs6,802/40-kg. Ex-Karachi rates also remained firm Rs6,485/maund and Rs6,950/40-kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.
Karachi Cotton Market recorded nine transactions of around 6,000 bales of the new crop at a price of Rs6,350 to Rs6,700 a maund.
According to an analyst, there was more demand after rains stopped in Sindh. Around 65 ginning factories have started operation in Sindh and 10 in Punjab.
Local market is likely to remain steady amid an increase in the demand.
In India cotton prices are up, while in China they are down. US showed mixed trend.
Monforts has introduced a new digital platform designed to help textile manufacturers access the company’s finishing technologies and technical knowledge.
Bioforcetech (BFT), a Bay Area-based company focused on waste conversion and carbon-negative materials, has announced a new partnership with RDD…
Polygiene has announced the launch of Polygiene OdorCrunch 2.0, a new odor capture technology created to reduce unpleasant smells in…
Lidl has introduced a carbon running shoe under its private label Crivit, drawing attention for its relatively low price compared…
Kickers has partnered with fashion label A-Cold-Wall to introduce a limited-edition collaboration on Kick Hi Boot, reflecting a shared identity…
KelTex, a venture founded by Laetus Buberwa and Emeliana Said, has been selected among the Top 20 global finalists for…