Buying activity at cotton market seen improving

Active buying by spinners and mills was seen at the cotton market on Tuesday, as they resumed their normal covering operations at the prevailing prices, while, at the Karachi Cotton Association spot rates remain unchanged.

Following were some of the deals that changed hands on the ready counter: 200 bales, Haroonabad at Rs6,950; 200 bales, Shahdadpur, at Rs6,550; 200 bales, Mirpurkhas, at Rs6,575; 465 bales, Vehari, at Rs6,700; 200 bales, Tando Adam, at Rs6,550 and 700 bales, Rahim Yar Khan, at Rs6,550.

The price of seed-cotton (phutti) was Rs3,325 in Badin, Rs3,250 in Kunri, Rs3,300 in Dharo, Rs3,315 in Jhudu, Rs3,350 in Tando Bhago, Rs3,300 in Nawankot, Rs3,330 in Degree, Rs3,300 in Mirpur Chakir and Rs3,350 in Chichawatni.

Punjab Secretary of Agriculture Muhammad Mehmood claimed that Girdawari (surveyorship) of cotton crop to assess the accurate estimate of the crop production in the province has been completed and according to which this year’s cotton cultivated area in the province is 5,506,000 acres, an increase of 120000 acres over the last year’s acreage.

However, the cotton production will be 20 percent more as compared to last year.

Recent Posts

Teijin Frontier develops multi-functional comfort textile

Tokyo-based Teijin Frontier has developed a new multi-functional textile for sports and outdoor clothing that offers improved comfort and cooling…

18 hours ago

Telangana launches Singidi Collective promoting sustainable fashion

In a major step towards reviving Telangana’s handloom traditions and environmentally responsible fashion, BRS Working President launched Singidi Collective.

18 hours ago

Mini and BMW iX3 use recycled knitted fabrics

The latest Mini models make wide use of recycled knitted fabrics in their interiors, combining simplicity, sustainability, and modern aesthetics.

2 days ago

BRM showcases advanced webbing solutions for parachute applications

BRM, a leader in the design and manufacturing of engineered woven fabrics, has highlighted its advanced webbing solutions developed for…

2 days ago

Himachal Pradesh to promote cultivation of industrial hemp

Himachal Pradesh has announced a new policy to encourage regulated cultivation of industrial hemp, promoting plans for sustainable textiles products.

2 days ago

Yanpai orders needlepunch lines from Andritz

Zhejiang Yanpai Filter Technology has placed a new order with Andritz for two additional high-performance needlepunch production lines.

6 days ago